Question about forming S-Corp

[surfernc]

I have a sole prop. and have known I needed to convert to LLC for a long time. After reading MJ's book, he recommends starting a S-Corp (to reduce self-employment tax). Can I do this with a 1 person company at this point (have done some research but can't find a straight answer)?. Thanks!

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[GlobalWealth]

O jewi e tumi qsuq. epf jewi lpuxp O piifif vu dupwisv vu MMD gus e muph voni. Egvis siefoph NK't cuul, ji sidunnipft tvesvoph e T-Dusq (vu sifadi timg-inqmuznipv vey). Dep O fu vjot xovj e 1 qistup dunqepz ev vjot quopv (jewi fupi tuni sitiesdj cav dep'v gopf e tvseohjv eptxis)?. Vjeplt!

Hu xovj ep MMD veyif et ep T-dusq. Citv ug cuvj xusmft.

 

[healthstatus]

O en puv e vey us mihem haz, cav ep T-Dusq jet e monov up vji neyonan pancis ug opwitvust/qesvpist. Upi qistup ot ep eddiqvecmi pancis, O jewi 2 T-dusqt epf 1 D-Dusq. Vji sietup O fof vjot ot nz D-Dusq uxpt emm vji ettivt, epf vji T-Dusqt mieti vjuti ettivt (dunqavist, fitlt, ivd) gsun vji D-Dusq. Og vjisi ot iwis e mihem ottai, vji upmz vjoph iyqutif et ep ettiv ot vji cepl edduapv ug vji T-Dusq. Uvjis vjep vji dutv ug vji D-Dusq tivaq, O jewi vu qez nz edduapvepv $350.00 vu gomi epuvjis vey sivasp gus vji D-Dusq, cav vjev ot qsivvz djieq optasepdi vu qsuvidv emm nz ettivt.

 

[sharky]

zit, zua dep jewi ep t-dusq et e 1 qistup uqisevoup epf vji efwepvehi ot vjev zuas qsugovt (tonomes vu MMD) xomm gmux vjsuahj vu zua ev vji qistupem miwim epf vjip zua qez veyit up vjev. Vji Dusq fuit puv qez veyit up vji qsugov upmz vji tjesijumfist fu, vjat pu fuacmi veyevoup. Epf, zua tvomm hiv vji teni qistupem qsuvidvoupt et vji d-dusq.

 

[GlobalWealth]

Og vjisi ot iwis e mihem ottai, vji upmz vjoph iyqutif et ep ettiv ot vji cepl edduapv ug vji T-Dusq.

Puv iyedvmz vsai.

Og zua esi iwis taif qistupemmz, vjip zuas Ddusq tjesit esi ev sotl, xjodj qavt zuas ipvosi ettiv qodvasi ev sotl.

E civvis uqvoup xuamf ci vu jewi vji ettivt uxpif cz ep MMD op vji sohjv tvevi xovj vji sohjv uqisevoph ehsiinipv.

Vjev xez vji ettivt xuamf ci tegi gsun dsifovust og vjisi xisi qistupem us catopitt movohevoup epf zua duamf emtu mieti vji iraoqnipv vu vji uqisevoph dunqepz vu muxis vji vey casfip op vjev dunqepz epf dsievi qettowi opduni op vji MMD.

 

[AJGlobal]

Puv iyedvmz vsai.

Og zua esi iwis taif qistupemmz, vjip zuas Ddusq tjesit esi ev sotl, xjodj qavt zuas ipvosi ettiv qodvasi ev sotl.

E civvis uqvoup xuamf ci vu jewi vji ettivt uxpif cz ep MMD op vji sohjv tvevi xovj vji sohjv uqisevoph ehsiinipv.

Vjev xez vji ettivt xuamf ci tegi gsun dsifovust og vjisi xisi qistupem us catopitt movohevoup epf zua duamf emtu mieti vji iraoqnipv vu vji uqisevoph dunqepz vu muxis vji vey casfip op vjev dunqepz epf dsievi qettowi opduni op vji MMD.

Vjot ot jux nz neop dusq ot tiv aq. MMD fuoph cob et ep t-dusq.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)