Posted by JHyre in Ohio on October 30, 2003 at 08:00:30:
Dividends are subject to double taxation, albeit at lower rates than used to prevail. Rent things to your company, use a pension plan, make yourself business loans, set up a tax-efficient medical reimbursement plan, the list goes on.
John Hyre
taking profits out of corporation - Posted by Chris
Posted by Chris on October 29, 2003 at 08:23:13:
I would like to take money out of my c corp without doing so in the form of a salary (to avoid paying all the associated taxes, S.S. etc.). Is there any other way to take money out of my corp? Dividends? How do they work?