@patio11 @cameronkeng if you can save that much by using an s-corp and w-2 payments, why is a pass-thru better?
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@amyhoy@patio11@cameronkeng I'm curious too. People also say you can be a LLC but "taxed" as a s-corp.. adding to the confusion - 2 more replies
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@patio11 Loving your live tweets of#microconf, btw.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 One caution: the IRS expects you to pay yourself a market rate salary, so don't add the "S" to your LLC until reliably profitableThanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Even better is setup as LLC but elect to be taxed like an s corp. best of both worlds (there are admin disadv to scorps)#microconf -
@jessemecham@patio11 Also, non-US citizens can’t be owners in S-Corp, so you have to do an LLC if need be.
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@patio11 an S-Corp is too much hassle for $50k in income and the wrong structure for many an enterprise. Better advice: get a good acct...Thanks. Twitter will use this to make your timeline better. UndoUndo
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