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How to create lots of small corporations?

Discussion in 'Business & Tax Advice' started by autosurf23, Mar 26, 2009.

  1. autosurf23

    autosurf23 Registered Member

    Feb 24, 2009
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    Alright, so I made an EIN. Im not incorporated, I applied as a sole proprietor But I would like to create many more of these kind of thing (small corporations?) so i can have many accounts at a certain website that requires SSN/EIN

    What to do next, Should i Apply for many LLC's? Thanks in advance for any input
    Last edited: Mar 26, 2009
  2. JonesersRX7

    JonesersRX7 Regular Member

    Mar 24, 2009
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    g()()gle: "your state" + "corporation commission"

    Cali will be most expensive to register and also maintain especially S-Corps which is what you will want for active income such as I.M.

    LLC's I use to hold property and general liability.

    When you start making money ask him interview style if I am making active income what's better for me --- he or she should almost ALWAYS say S-corp with a salary dividend split to avoid SE (self employement) tax.
    • Thanks Thanks x 2