ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals
ECN Shout Chat
Top Posters(30 Days)
Potseal 11
Recent Posts
Permit Snafus...AHJs and Contractors Jump in
by sparky. 04/29/17 05:59 PM
201 volt equipment?
by bigpapa. 04/29/17 12:15 AM
Schneider LC1D09
by jraef. 04/28/17 11:05 PM
Electrode boilers question
by annemarie1. 04/27/17 01:40 PM
Why cables look like they do
by LongRunner. 04/26/17 09:36 AM
New in the Gallery:
SE cable question
Popular Topics(Views)
234,988 Are you busy
169,827 Re: Forum
163,024 Need opinion
Who's Online Now
0 registered members (), 46 guests, and 16 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate This Thread
#156132 - 03/24/05 04:27 PM C-Corp V.S. S-Corp  
rogersan  Offline
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:

#156133 - 03/27/05 03:03 PM Re: C-Corp V.S. S-Corp  
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.



Member Spotlight
Admin
Admin
NY, USA
Posts: 3,439
Joined: October 2000
Show All Member Profiles 
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box
Powered by UBB.threads™ PHP Forum Software 7.6.0
Page Time: 0.009s Queries: 14 (0.002s) Memory: 0.7436 MB (Peak: 0.8626 MB) Zlib enabled. Server Time: 2017-04-30 09:08:58 UTC