California Business Entities - How Long Does It Take To Obtain Approved?
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There are two parts involved, taxes and liability advantages. You will find theres tax advantage in many because via an entity taxed as an S corporation allows owners to save the self-employment taxes (which are 15.3% around $106,800 of earned income in 2009) on distributions of yields. It is very important to have a reasonable salary when may either an S corporation or an LLC taxed as an S enterprise.
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