How do you avoid double-taxation on income when you establish corporation in Texas? When you establish your business as a corporation in Texas (no state income tax, but there is a franchise tax), what is the best way to distribute earnings to pay the lowest amount of taxes and avoid double-taxation? Should I pay myself a salary, or just pay myself in dividends? I'm not incorporated yet, so I still have the option to form as a LLC.
_____________________________________
external keyword tool ~ keyworddiscovery.com ~ keycompete.com ~ compete.com ~ webmasterworld.com
taxation
-
Michael Ward
- AbleCommerce Moderator
- Posts: 132
- Joined: Thu Mar 03, 2005 3:00 am
Re: taxation
Hi there
You should be able to find what you need here.
http://www.irs.gov/businesses/small/
http://www.cpa.state.tx.us/taxpermit/
http://www.cpa.state.tx.us/taxes/
You can also contact your local chamber of commerce.
You should be able to find what you need here.
http://www.irs.gov/businesses/small/
http://www.cpa.state.tx.us/taxpermit/
http://www.cpa.state.tx.us/taxes/
You can also contact your local chamber of commerce.
.com