For those of you that are heading your own registered business, I was looking for some comments.
Since I am about to launch my own company, and become legit, I have done all the research about Corporations,both S and C types, LLC's, etc.
It would seem that for an electrical contractor the obvious choice is the corporation. S type at first, to take advantage of startup costs on my personal taxes until I make a reasonable profit (god willing
), then convert to C type to keep the profits off my personal taxes.
I do not wish to have a partnership of any type, and there seems to be many advantages of the Corp over an LLC.
Aside from reading books, I was looking for some first hand experienced comments and advice from those of you out there that went thru it.