Online Corp Services
Posted by taxguru on June 29, 2009
Going through some old emails in my in-boxes, I came across this short piece from PC Magazine, reviewing some of the main online services for setting up a corp or LLC.
The article glosses over the critical issue of consulting with a qualified professional tax advisor before deciding which particular entity is appropriate for a particular situation. The following generalization is completely wrong and misguided.
For most small businesses, the C corporation option isn’t in play, given its complexities and required reports and other filings, along with corporate taxes.
As I’ve explained frequently, C corps are very often much better fits than S corps and are actually much less complicated to handle than are S corps and LLCs.
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