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CORPORATE MYTHS
This section is designed to help clear up some of the myths and misconceptions of corporate investing and
saving on your taxes.

1. My accountant told me that a corporation pays a double tax.

2. I've heard that I shouldn't put assets in a corporation because I can't get them out.

3. A sub-S corporation provides the best tax benefit.

4. A corporation is hard to manage.

5. I'm not big enough to worry about incorporating.

6. All C-Corporations are subject to excess retained earnings.

7. For liability protection, I would be better off with an LLC.

8. Filing my corporation in Nevada means I don't have to pay taxes in another state.

9. The IRS can't find out about my Nevada Corporation.

10. Filing my corporation in Nevada protects me in a lawsuit in my home state.

11. Using a corporation to be the manager of an LLC (Or General Partner in a Limited Partnership) will protect my assets.

12. Using a corporation to be the manager of an LLC (Or General Partner in a Limited Partnership) will be better tax strategy.

13. Transferring my house title to a corporation will protect my house.

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