I. A Lesson for the Ages: If You Can’t Beat Them Join Them – continued
b. The Saving Grace: S Corporations
The self-employed businessperson doing business abroad should consider forming an S corporation.
i. Why S Corporations are so Popular Among Small Businesspersons
The short answer is that S corporations allow small businesspersons to avoid paying self-employment taxes on wage payments. Following the lead of C corporation stockholders before them, S shareholders have tried to draw their money out of the Read more