Subjects>Law & Government>Law & Legal Issues

Should you have an s corp or a c corp?

Anonymous

∙ 16y ago

Updated: 11/11/2022

in the US, you want an s corp if you want more personal investment in the company. c corp is more limited liability. also for s corp there is no corporate tax rate (it's the same as your personal rate) but for c corp you pay the corporate tax rate.

Wiki User

∙ 16y ago

What else can I help you with?

Can a S corp be owned by a C corp or can a LLC be owned by a C corp or S corp?

Yes, yes, yes. Tax issues get fun when consolidating between entity types. The answer is too long to type. Pay a CPA.

What are the legal structures to form a business?

Limited Partnership, LLC, and Incorporation (S-corp; C-corp) form a business.

How do you find out if a corporation is a c corporation?

The tax form filed by the entity will tell you if it is a C corp (Form 1120), and S corp (Form 1120S), or a Partnership (Form 1065).

Who is C A R F Realty 1997's registered agent in NJ?

CT Corp

What is corp c moss?

Corp c moss is actually a lithograph printing company.

How do you Move s-corp to c-corp?

File an 8832, apply for a new EIN. Get a CPA there are some tricky tax treatmetns, look up BIG tax.

Is INC classified as an S Corp?

No, INC is not classified as an S Corp.

How do you dissolve an S Corp in Nevada?

An S Corp is dissolved by filing a certificate of dissolution with the Nevada agency where the Corp is registered. Once the paperwork is filed, the S Corp is considered dissolved.

What is MedCath Corp.'s population?

MedCath Corp.'s population is 30.

Can an Inc be structured as an S Corp?

Yes, an Inc can be structured as an S Corp.

What is Norfolk Southern Corp.'s population?

Norfolk Southern Corp.'s population is 30,709.

What is PAETEC Holding Corp.'s population?

PAETEC Holding Corp.'s population is 2,010.

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