[ajug-members] OT: consultant incorporation tips / resources?

[Brian Lee]

Yes, the IRS is auditing S Corps at a higher rate than in previous years 
(although still really low). But the advantages of an SCorp over a CCorp are 
great if you only have a few employees.

An SCorp really is advantageous if you make a medium amount. For people who 
make over 95k the SSN is already capped out and people who make less than 
$50k aren't going to go through the hassle. So you're best off with an SCorp 
if you think that your compensation will be between 60-95k after everything 
is expensed.

BAL

>From: "Curt Smith" <chsmith at speakeasy.net>
>To: "General AJUG membership forum (100-200 
>messages/month)"<ajug-members at ajug.org>
>Subject: Re: [ajug-members] OT:  consultant incorporation tips / resources?
>Date: Tue, 08 Nov 2005 12:13:10 -0500
>
>Thanks Paul and others.  Like you said I've got homework to do!  Great to
>hear from you Paul.  Thanks too re the Delaware registration because the
>distant future may have me work in other states or travel.
>
>Paul, you infer advantages of a Delaware corp and thanks for bringing that
>issue up.
>
>BTW, anyone have comments on C or S type corporation.  Or if the IRS is
>auditing S type personal corporations like I think heard rumor?
>
>Thanks to all, curt
>
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