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Updated 3 days ago on . Most recent reply

James Klein's profile image
James Klein's profile image
James Klein
  • Member since Dec 26, 2024

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James Klein's profile image
James Klein's profile image
James Klein
  • Member since Dec 26, 2024
James Klein
0
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1
Posts
Personal Finance

LLC or C Corp ?

James Klein
Posted

We currently have an LLC with 4 members. No member has taken a salary. Result = having to pay taxes out of pocket. Rules dictate that you cannot pay the member taxes using LLC funds.

The Question is... Should we change to C Corp. or keep it an LLC ?

Grand Rapids, Michigan
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