We have a small side business selling chemicals that I set up as an S corp. My husband has since accepted a job with another chemical company. He wants to keep our company going, even if it is basically in name only and to keep a web presence (we advertise his current company on our website).
We won't be selling chemicals through this business anymore - all leads collected through our website will be given to his current employer. However, I have started an at-home data processing business and would like to use the business to collect payments from customers so that I can avoid giving my ss# out as a contract employee to lots of people.
I want to simplify the taxes, what kind of corp would be best? I would like to be able to buy a regular tax software to do our taxes every year. We live in Florida.
2007-02-27 04:44:31 · 1 answers · asked by judy b 2 in Business & Finance ➔ Small Business
Judy,
Given the costs to change and the fact that the business is already set up - just use the existing s-corp unless there is a liability concern from your husband's previous business.
2007-02-27 09:44:17 · answer #1 · answered by planningresult 4 · 0⤊ 0⤋