Re:C Corporation vs S Corporation vs LLC
by startingup on Tuesday November 11, 2008 @12:22PM
(#360665)
Has anyone switched from a C to S corp (yes, you read that right)? How painful was it?
Here is the situation: an existing small, moderately profitable company has decided to stay out of VC circuit, stay private, run it as a life-style business. C corp involves double taxation, which S corp avoids. They had grander dreams once (hence C corp) but now the situation has changed.
Here is the situation: an existing small, moderately profitable company has decided to stay out of VC circuit, stay private, run it as a life-style business. C corp involves double taxation, which S corp avoids. They had grander dreams once (hence C corp) but now the situation has changed.