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Ia Corporation Llc Form

Ia Corporation Llc Form

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hi I'm James Baker founder of James Baker and Associates and international tax expert slash entrepreneur and this clip you're about to see is from our last ask me anything if you want to ask me some questions I come on live Wednesdays and Thursdays as much as I can you can join with the link in the description below I'd love to see you there but let's get to the clip this question is what's the difference between a C corporation and an LLC many people who use stripe Atlas to open their company open uh get a C corporation a corporation instead of a limited liability company in LLC there are two distinct distinctly different types of companies the C corporation does in fact pay taxes in the US on its profit so if you open a C corporation and you invoice four hundred thousand dollars and you just don't have any expenses and you leave in your bank account technically you should pay 21 income taxes on the totality of those sales on your net in

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