Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Saturday, June 18, 2005
Q:
Subject: s vs c corpshi kerry, thanks for publishing this info. i just read your page on s vs c corps and have a couple of questions. if the company does not have any initial shareholders how is the taxation of income to the principal officers of the company? what if the company never has any shareholders? what kind of entity would you recommend for a realestate broker in the state of CA?thanks,
A:
It is not possible to have a corporation with no shareholders. A corporation is legally required to have at least one share of stock issued out of the total that were authorized when it was chartered.
There are far too many variables involved for me to be able to advise the best entity and jurisdiction to use for your particular situation via this medium.
To work out the best solution for your particular circumstances, you really need to work with a tax pro who can help you set up a strategy that will work for you.
Good luck.
Kerry Kerstetter
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 6/18/2005 02:17:00 PM Send this post:
