A corporation can elect to be taxed under sub-chapter S of the Internal
Revenue Code, if they meet the IRS requirements. Even an LLC, that is
incorporated, can elect to be taxed under the Sub-S rules of the IRC.
Whether a corporation is a S-corporation, or no, relates only to the
corporation's federal election on how it wants to be taxed .
http://www.smallbusinesslawfirm.com/subchapter-s-taxation.html
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporations
Regards,
LelandJ
On 08/09/2013 07:25 AM, Jeff Johnson wrote:
James: I created a sub-chapter S corporation many years ago. I did it
myself and it was pretty easy here in Arizona. Check into it for the
state you are going to incorporate in. I personally see no advantage
for an LLC vs. an S corp - at least here in Arizona.
I would consider "James Harvey, LLC" vs. "James Harvey, Inc."
HTH
Jeff
---------------
Jeff Johnson
[email protected]
(623) 582-0323
www.san-dc.com
www.arelationshipmanager.com
On 08/09/2013 03:59 AM, James Harvey wrote:
I'm looking into what would be the best arrangement for consulting
with my
employer after I retire this fall. I've been training a staff person to
take over, and my goal is to be able to help as an independent
consultant,
not as an employee.
An LLC seems like a likely option, and was wondering if I need a
lawyer to
set this up, or is Legalzoom.com an option?
I'd love to hear advice from anyone else who has made this kind of
transition in the past.
James E Harvey
M.I.S.
Hanover Shoe Farms, Inc.
www.hanoverpa.com
office: 717-637-8931
cell: 717-887-2565
fax: 717-637-6766
[excessive quoting removed by server]
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