Re: LLC or Corporation?

Angela Thornton wrote:
> 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.
> 

Self admittedly, I'm not sure how dividends are taxed - Could you 
provide an explaination on how it works?

It's pretty complicated (or can be).

Thanks!

Richard Schilling, MBA