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Avoiding Professional Corp Designation (1 viewing)
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TOPIC: Avoiding Professional Corp Designation
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bmer (User)
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graphgraph
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Avoiding Professional Corp Designation 2008/02/10 04:19 Karma: 0  
I am a new optometrist and I am about to begin independent contracting with a local optical chain. If I choose a C corp it will be a personal service corp. So the options I am weighing are 1) remaining a professional corp and paying any remaining corporate income at the end of year as bonuses to avoid the flat tax rate. 2) designating 6% stock to my spouse who is not an employee of the corporation to avoid the professional corp designation or 3) taking the S corp election to disperse income to the lower personal tax rate. Any thoughts or recommendations are appreciated!Thanks
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