Yes, a regular corporation is taxed a $456 excise tax. However, AFAIR, an LLC is also subject to corporate excise tax, unless you choose it to be taxed as an individual, so make sure you do the right selection.
Another pointer - just registering a corporation might not shield you from a lawsuit, unless you genuinely treat it as a separate entity: file the corporate reports annually, keep records of the meetings, have a corporate bank account AND AVOID COMMINGLING YOUR PERSONAL FUNDS WITH CORPORATE FUNDS.
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timeasmymeasure
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Date: 2012-08-09 07:49 pm (UTC)Another pointer - just registering a corporation might not shield you from a lawsuit, unless you genuinely treat it as a separate entity: file the corporate reports annually, keep records of the meetings, have a corporate bank account AND AVOID COMMINGLING YOUR PERSONAL FUNDS WITH CORPORATE FUNDS.