No one size fits all…
Posted by taxguru on September 15, 2007
Q:
Subject: S vs. C orp
Do you still reccommend an S corp for a 1099 contact sales rep for surgical device sales .I am starting out fresh and will recieve $75k first year and scale up to 200 K by end of year 3.Thanks,
A:
You must have me mistaken with someone else because I have never made any kind of blanket endorsement of the use of S corps. I always warn that there is no such thing as a one size fits all approach and that you must work with an experienced tax professional in order to determine what is best for your unique circumstances.
I do have some comparisons of C and S corps on my website, but these are no substitute for the experience and judgment of a tax professional. Start working with one right away before you head any further in the wrong direction.
Good luck.
Kerry Kerstetter
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