C OR S CORPORATION THAT IS THE QUESTION

SHOULD YOU BE A C OR S CORPORATION
All corporations are not created equal,you ned to choose between Ccorporation and S corporation status.
S corporation allowe for limited liability of owners,officers,directors.
run on a calender year.
full ownership is disclosed.
no tax bracket separation from owners personal tax return,all income or loss is passed through.
no more then 75 shareholders.
no non resident shareholders
only one classof stock
S corporations must pay a reasonable wage.
the main reason to elect S status is if you expect large losses you can offset personal income taxes.
C CORPORATIONS
Limited liability for owners,officers,directors.
unlimited number of stockholders
fiscal year of tax reporting
profits can be kept in the corporation an are taxed at the corporate levelwhich often is lower the at the individual level.
Nevada has no corporate income tax.
the only thing to be concerned with a C corporation is double taxation and this can easily be dealt with proper financial management.