C Cop VS S Cop

[royt1988]

i just have a question about these 2 entities, i was told when i do wholesale its better to put the profit in a C cop. but when you decided to remove it, switch to to S cop.



now i do understand why the C cop. for, to lower the taxes, but is S Cop for?



background: i am new to this so i do not have to much exp on my back

 

[Thomas Beyer]

This is a specialized US tax question. This forum here is mainly Canadians. Please also note that your keyboard has two keys to switch to upper case from lower case !

 

[royt1988]

lol thanks for the reply, and for the note, as i was saying i have no experience in this.

 

[housingrental]

Thomas provided a very good post

I second it

[quote user=ThomasBeyer]This is a specialized US tax question. This forum here is mainly Canadians. Please also note that your keyboard has two keys to switch to upper case from lower case !