Nice post Cestlavie,
Is there any corporation that isn't hit with "double taxation". I realize that an LLC is pass through (much like a soloe proprietorship), but is double penalized as well.
Also, isn't there some kind of "hobby" loophole that can be exploited with a sole proprietorship for a few years? -- I'm blanking on this one!
Thanks!
P.S. - This is the topic that has been holding me back for a few weeks. At the moment I'm pretty sure I'm going to go the sole proprietorship route, and then see how things are 6 months down the road.
Is there any corporation that isn't hit with "double taxation". I realize that an LLC is pass through (much like a soloe proprietorship), but is double penalized as well.
Also, isn't there some kind of "hobby" loophole that can be exploited with a sole proprietorship for a few years? -- I'm blanking on this one!
Thanks!
P.S. - This is the topic that has been holding me back for a few weeks. At the moment I'm pretty sure I'm going to go the sole proprietorship route, and then see how things are 6 months down the road.
