Freemason Hirams Travels Masonic Forums - View Single Post - can someone describe a s-corp to me? tax benefits? do i use draws or dividends in...

Judy · #2 (**permalink**) 03-04-2008, 11:22 PM

Don't incorporate as an s-corp for tax savings, you won't get them. It could end up costing you MORE - the corporation has to file a return every year also. The purpose of a corporation is to protect your personal assets, not to save taxes.