@AmeliesUncle: Can you provide any more actionable insights into your advice? If I own an s-corp that brings is $500 of revenue and have $700 in expenses, that net loss of $200 will be passed through to me. The same is true of the converse: a $200 profit would be pass through to me. In either case, I will pay taxes on that income at my individual rate. So what are the scenarios in which this might be a negative approach?
I can't go into the specific reasons why I want to own a corporation. But for the sake of this convo, let's just assume that there are no other options.
Like, if you had to list the top three potential negative aspects of owning a corporation, what would they be?
