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I am starting an Internet company and want to determine whether to incorporate as an S Corp or C Corp?
4Apr2008 Filed under: CorporationsQuestion:
I am starting an Internet company and want to determine whether to incorporate as an S Corp or C Corp?
Answer:
Both Corp forms will provide you with the security of a corporate veil. An S corp will allow you to take company expenses and losses off of your personal taxes. A C Copr. will have more rules and less flexibility. The best thing to do is contact an accountant. I have had a number of businesses over the years and have always opted for an S-Corp. Hope this helps.
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