|
[VIEWED 6305
TIMES]
|
SAVE! for ease of future access.
|
|
|
|
Lothar
Please log in to subscribe to Lothar's postings.
Posted on 03-08-19 10:41
AM
Reply
[Subscribe]
|
Login in to Rate this Post:
0 
? 
|
| |
I am thinking of opening a corporation for my small business but I am not sure how the taxes work. If the corporation makes profit, I heard you have to pay 21% tax which is less than individual tax. Do I have to pay extra tax if I want to take the profit from the corp into my own account? If I have to pay double tax then it's not worth the hassle.
|
| |
|
|
|
|
nayapidi
Please log in to subscribe to nayapidi's postings.
Posted on 03-08-19 11:46
AM [Snapshot: 47]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
|
|
| |
|
|
Anooj
Please log in to subscribe to Anooj's postings.
Posted on 03-08-19 4:38
PM [Snapshot: 137]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
Hi I am also interested in knowing the answer to this question. Nayapidi would you be kind enough to answer here so others can benefit too?
|
| |
|
|
nayapidi
Please log in to subscribe to nayapidi's postings.
Posted on 03-08-19 4:58
PM [Snapshot: 158]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
please PM me with details.
|
| |
|
|
anon
Please log in to subscribe to anon's postings.
Posted on 03-10-19 12:33
PM [Snapshot: 324]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
You are taxed twice in C corp. First on c corp income then as dividend when you distribute the profit. The only way to take money out of C corp is either as a salary or dividend. C corp is not recommended for most small businesses.
|
| |
|
|
