Re: LLC or Corporation?

Richard Schilling <[EMAIL PROTECTED]> wrote in message
news:<[EMAIL PROTECTED]>...
> Double taxation is largely a myth, however.  Corporations are taxed just 
> like people - only on the profit they make.  Wages, costs of doing 
> business, and other expenses are non-taxable income in most cases.  Many 
> people speak of "double taxation" when they refer to the taxes applied 
> to wages.  

Actually, it refers to dividends and it isn't really a myth.

Angela M, CPA