ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
ShoutChat
Recent Posts
Do we need grounding?
by gfretwell - 04/06/24 08:32 PM
UL 508A SPACING
by tortuga - 03/30/24 07:39 PM
Increasing demand factors in residential
by tortuga - 03/28/24 05:57 PM
Portable generator question
by Steve Miller - 03/19/24 08:50 PM
240V only in a home and NEC?
by dsk - 03/19/24 06:33 AM
New in the Gallery:
This is a new one
This is a new one
by timmp, September 24
Few pics I found
Few pics I found
by timmp, August 15
Who's Online Now
0 members (), 136 guests, and 12 robots.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
#156132 03/24/05 04:27 PM
Joined: Mar 2005
Posts: 23
R
Member
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 :-)
Latest Estimating Cost Guides & Software:
#156133 03/27/05 03:03 PM
Joined: Jun 2003
Posts: 1,143
D
Member
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.


Link Copied to Clipboard
Powered by UBB.threads™ PHP Forum Software 7.7.5