Turning biz into LLC and filing as S Corp - eBay Suspension & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > General Discussions (Off-Topic) > Making Money

Making Money Flipping, Investing, You Name it. Letís discuss other ways of making money!

Reply
 
Thread Tools
  #1  
Old 01-16-2019
Sunspot144's Avatar
Senior Member
 
Join Date: Apr 2018
Posts: 1,403
Thanks: 303
Thanked 261 Times in 212 Posts
Activity: 66%
Longevity: 9%
iTrader: (0)
Default Turning biz into LLC and filing as S Corp

So thinking of turning my biz into an LLC to pay out a salary and dividends to save on taxes a little.

Would file as S Corp for pass-thru and avoid the nasty corp taxes.

From recent understanding your salary is based on shareholder status, so am wondering how would one go about paying dividends if company profits are 100% salary?



EDIT.

Nvm... think I answered my own question...

Figure a salary for yourself and pay the rest as dividends. (Yes/no?)


Another question....

With a salary can you opt to pay yourself once at the end of the year to skip out on all but one W2?

Last edited by Sunspot144; 01-16-2019 at 01:12 AM.
Reply With Quote
The complete step-by-step guide to get back to selling today!

Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paypal LLC as S-corp or C-corp? tim348 PayPal Talk 10 09-18-2018 10:41 AM
Do I need a new LLC or S-Corp with EIN to get back on Amazon? trav Amazon 6 07-15-2015 04:15 AM
S Corp, LLC or C-Corp Tjmcnich PayPal Talk 15 05-12-2015 08:33 AM
Shall I file a C Corp? incniu Dropshipping & Wholesale Suppliers 1 03-08-2010 01:51 AM


Aspkin Group

All times are GMT -5. The time now is 10:41 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts