Legal Question in Tax Law in California
S or C corporation?
I'm a real estate broker wanting to open my own franchise office. I want to incorporate but not sure about C versus S corporation. My household is in the high tax bracket. In my state, it can not be an LLC. Which way should I go?
Asked on 8/29/10, 9:23 am
1 Answer from Attorneys
Mayer Nazarian
Nazarian Law and Tax Group
Usually, the simple answer, without any more details, would be S-Corp. However, a C corp may make sense, depending on how "high" your tax bracket is. The best way to decide would be to run a few hypothetical scenarios and evaluate.
Answered on 9/03/10, 9:59 am
Related Questions & Answers
-
If I change my citizenship, do I still have to pay US income tax? Asked 8/07/10, 3:41 pm in United States California Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
