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		<title>Multiple businesses, which entity?</title>
		<link>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm</link>
		<description>Multiple businesses, which entity?</description>
		<lastBuildDate>Fri, 23 Nov 2007 12:39:09 GMT</lastBuildDate>
		
			<item>
				<title><![CDATA[
S-Corps profits, as a rule, ar]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm</link>
				<description><![CDATA[
S-Corps profits, as a rule, are not subject to SE Tax. That said, before you can take any payouts of profits, you`ll be required to pay yourselves a "reasonable salary." (See link in my signature for a slightly more in-depth explanation.)]]></description>
				<pubDate>Fri, 23 Nov 2007 12:39:09 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm#713389</guid>
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			<item>
				<title><![CDATA[John - 
There are two people th]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm</link>
				<description><![CDATA[John - 
There are two people that I think you need to spend some time and money on. 
Your accountant. 
Your lawyer. 
Personally, I wouldn`t have your business to do anything with the other business. What ]]></description>
				<pubDate>Fri, 23 Nov 2007 12:39:09 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm#713388</guid>
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			<item>
				<title><![CDATA[There is a cap on the social sec]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm</link>
				<description><![CDATA[There is a cap on the social security tax. Self employment tax is essentially social security tax x 2 (both the business portion and employee portion).
LLC doesn`t give any tax benefits - just think, you can easily pay yourself all the profits a]]></description>
				<pubDate>Fri, 23 Nov 2007 12:39:09 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm#713387</guid>
			</item>
			<item>
				<title><![CDATA[
  I am curious to understand w]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm</link>
				<description><![CDATA[
  I am curious to understand why you think you would not have to pay the self employment tax?&#160; If you have self-employment income after you have calculated your earnings less tax-deductible income, I would think there is no way to get out of pa]]></description>
				<pubDate>Fri, 23 Nov 2007 12:39:09 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm#713386</guid>
			</item>
			<item>
				<title><![CDATA[I have one business in C-corp. P]]></title>
				<link>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm</link>
				<description><![CDATA[I have one business in C-corp. Planning to start another one with a partner. I am considering either C-corp or S-corp.
The problem is the tax. Since we already maxed out the social security tax with the salary from the C-corp, do we still need t]]></description>
				<pubDate>Fri, 23 Nov 2007 12:39:09 GMT</pubDate>
				<guid>http://www.startupnation.com/community/orca/topic/Multiple-businesses-which-entity.htm#713385</guid>
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