Legal Question in Business Law in New York

An LLC would probably make more sense then. If you cannot take advantage of capturing revenue post reasonable salary as a dividend then how is an S-Corp really going to be beneficial?

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

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DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

If you do decide to go with an LLC, our law firm can help at http://www.CheapNewYorkLLC.com

I concur with Frank that a LLC might be preferable to a corporation, while affording the same creditor protections. A one-person LLC does not need to file a separate return and the incomne/loss also factors into the owner's personal tax return (Schedule "C").

Be mindful that a one member LLC is taxed in a similar manner to a sole proprietor thus impairing many of the tax advantages of an LLC.

My office has a special offer for LawGuru users where we can conduct a limited review of your current situation and make a recommendation for the best entity at a total cost of $198 including a telephone consultation. To take advantage of this limited offer please go to:

http://thelegalist.wix.com/roman-fichman-esq-and-assoc/lawguru2

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