How do you avoid double-taxation on income when you establish corporation in Texas? - Australian Business Forum

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How do you avoid double-taxation on income when you establish corporation in Texas?

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13-06-09	#1
mzqpla Junior Member Join Date: Jun 2009 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	How do you avoid double-taxation on income when you establish corporation in Texas? When you establish your business as a corporation in Texas (no state income tax, but there is a franchise tax), what is the best way to distribute earnings to pay the lowest amount of taxes and avoid double-taxation? Should I pay myself a salary, or just pay myself in dividends? I'm not incorporated yet, so I still have the option to form as a LLC.

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