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Revision as of 04:51, 13 September 2026
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There are two basic forms, C Corp and S Corp. A C Corp pays tax depending on its profit for 4 seasons and then any dividends paid to shareholders additionally taxed. Hence the term double-taxation. An S Corp however works differently. The S Corp pays no tax on profits. The net profit flows through to the shareholders who then pay tax on cash. The big xnxx let me reveal that the 15.3% self-employment tax doesn't apply. So, by forming an S Corporation, your business saves $3,060 for all seasons on money of $20,000.
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