Q-1:

Subject: your article

 

I would like to take this opportunity to thank you very much for your informative article.  I found your “S” vs. “C” article using a google search.  Your insight has made my decision of which way to go as I incorporate my medical office very simple.  I wasn’t entirely sure of all the facts, but now I am definitely going with the “C” corp.  Thank you again, as your help is much appreciated.

A-1:

I'm glad that you found my article informative.  I must caution you that using that as your only reason to set up as a C corp is as dangerous as someone taking a medicine based on something he read on the web.  You absolutely need to work with a tax pro who is experienced in utilizing corporations to maximize tax savings. 

This is especially important for anyone in your profession because there are some important steps you need to take in order to avoid having your corp classified as a Personal Service Corporation (PSC) which is subject to much higher tax rates than normal C corps.  There are easy ways around this, often by the use of two entities.  A competent tax advisor should have no problem in helping you set things up properly.

Good luck.

Kerry Kerstetter

 Q-2:

Thanks again for all of your help.  Do you have anyone that you would recommend to work with in the San Diego area?

 
A-2:

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 6/21/2006 09:11:00 PM Send this post: