ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Shout Box
Recent Posts
Welded Copper Connections
by gfretwell. 04/19/19 04:46 PM
Norwegian power?
by dsk. 04/19/19 10:29 AM
Israel
by annemarie1. 04/18/19 02:35 PM
Water heater calculationsSo when I count calculati
by watersparkfalls. 04/13/19 12:43 PM
Health Canada Electric Construction heaters recall
by dougwells. 04/12/19 01:22 AM
New in the Gallery:
What is this for?
Plug terminals
Who's Online Now
0 registered members (), 11 guests, and 6 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
C-Corp V.S. S-Corp #156132
03/24/05 04:27 PM
03/24/05 04:27 PM
R
rogersan  Offline OP
Member
Joined: Mar 2005
Posts: 23
La Mesa, CA, USA
Can someone give me a brief advantage to having the S-Corp as opposed to a C-Corp. I like the basic setup of the C-Corp since you can avoid taxation in some regards while building business equity. I also like the ability to have a really sweet benefits package etc. I am trying to see the advantage to the S-Corp and I figure someone knows the racket on that.


It does not matter if you win or lose but how you lay the blame :-)
Business, Office, Estimating, Legal:
Re: C-Corp V.S. S-Corp #156133
03/27/05 03:03 PM
03/27/05 03:03 PM
D
DougW  Offline
Member
Joined: Jun 2003
Posts: 1,143
North Chicago, IL
The way I understand it - "C" corps pay taxes on profits, and the shareholders pay taxes on dividends. With an "S" that's eliminated.

However, with a "C" you can have fringe bennies - such as paid retirement and health plans. With an "S" if you own more than 2% of the stock, you can't.

Standard disclaimer - see a tex attorney or accountant.


Featured:

2017 Master Electrician Exam Preparation Combos
2017 NEC Electrician
Exam Prep Combos:
Master / Journeyman

 

Member Spotlight
sbi
sbi
indiana
Posts: 47
Joined: March 2008
Show All Member Profiles 
Top Posters(30 Days)
Popular Topics(Views)
254,459 Are you busy
190,701 Re: Forum
180,413 Need opinion
Powered by UBB.threads™ PHP Forum Software 7.6.1
(Release build 20180101)
Page Time: 0.020s Queries: 14 (0.005s) Memory: 0.9427 MB (Peak: 1.0605 MB) Zlib enabled. Server Time: 2019-04-20 06:51:09 UTC