Nuts! I’m in Oregon but by having an S corp in construction and then writing off a ton for my farm through a schedule F my actual rate has always been sub 10%
Discussion
S Corp?!
It’s a type of corporation
Yeah. I know.
S Corp only has benefits if the company is fairly large…
Not true unless you have a strange definition of “fairly large”. When I started I didn’t have any employees so the break even point for the added expense of payroll for the s corp vs just having an LLC was $45k annually. I don’t think any business that the owner makes over $45k is fairly large
Interesting. Didn’t realize the BE aspect was so low.