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sc ks | Keep the c corp but pay rent to yourself to get the corp income to zero each year, assuming you own some land etc. Rent income isn't subject to SE tax (so invest for retirement accordingly) and keeps your fringe benefits and a liability wall between you and the operation. Your retained earnings are going to be double taxed I assume as you are finding out. With the 21% corp tax, I see no reason to show a profit in the corp since you shouldn't buy long term assets like ground, stocks, etc inside the corp and as you know those earnings will be double taxed if you pay them out eventually. | |
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C corp guys
