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HELLO... how are you doing
I recently formed my c-corp and have a few questions?
1) I formed it in GA and plan on getting an office in GA in the near future but for now to obtain my fed EIN I had to give my house address in AL... Does that make me liable for anything tax wise that I wouldn't normally be if I had provided a GA address?
2) I read the whole federal code on Corporations and seen that a "PERSONAL SERVICE CORPORATION" if it applies gets taxed at 35% regardless! My company will be providing many sources of revenue but one of the main one will be music production for artists, commercials, films, etc., under the guidelines of PSC's it said "PERFORMING ARTS". would this be considered performing arts an what is the best thing I should go about doing? Like all things I seen that there is a way around everything but I'm just curious.
3) I've done major research but it always seems like there isn't just a straight answer on what all you have to provide tax and legal wise. Can someone PPLLLLEAAASE break it down for me. I know you have Federal Taxes, State Taxes, but what else needs to be done to remain compliant? I read about having to pay unemployment taxes on a corp even if it is just you. It just seems like alot of things are getting taxed on. Someone please help. Thanks
I recently formed my c-corp and have a few questions?
1) I formed it in GA and plan on getting an office in GA in the near future but for now to obtain my fed EIN I had to give my house address in AL... Does that make me liable for anything tax wise that I wouldn't normally be if I had provided a GA address?
2) I read the whole federal code on Corporations and seen that a "PERSONAL SERVICE CORPORATION" if it applies gets taxed at 35% regardless! My company will be providing many sources of revenue but one of the main one will be music production for artists, commercials, films, etc., under the guidelines of PSC's it said "PERFORMING ARTS". would this be considered performing arts an what is the best thing I should go about doing? Like all things I seen that there is a way around everything but I'm just curious.
3) I've done major research but it always seems like there isn't just a straight answer on what all you have to provide tax and legal wise. Can someone PPLLLLEAAASE break it down for me. I know you have Federal Taxes, State Taxes, but what else needs to be done to remain compliant? I read about having to pay unemployment taxes on a corp even if it is just you. It just seems like alot of things are getting taxed on. Someone please help. Thanks
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