Good morning John, I'm Doug, and I'm sorry to hear of the confusion. My goal is to provide you with excellent service today. The real benefit of the S-Corp is a level of anonymity and some legal protection for your personal assets. If the business you are engaged in is not one you are likely to be sued in, then the cost of maintaining an S-corp may simply not be worthwhile with the myriad of expenses and obligations just to keep the corporation active. As a CA attorney, I avoided incorporation of my solo practice and simply went with the 1099's, and was better off in the long run doing it that way. It certainly simplifies life to be corporation free. Please keep in mind that, even though you have already paid your deposit money over to JustAnswer, until you rate me highly for my service, I will not be paid for having assisted you with your questions. If you have additional questions, you may of course reply back to me and I will be happy to continue to assist you further until your questions have been answered to your satisfaction. I wish you the best in your future. Doug
Doug, Thanks for getting back to me on this. It helps. I have another question.
Part of the reason I began looking for ways to help bring in extra income, pay bills is that I am employed by a CA LLC that has decided to stop paying its employees (I am one of 5).
I am VP of Sales for an electronic display company. For the past 4+ years I have been paid a salary ($85k/yr paid bi-monthly) and also a commission 2.5% gross sales. As of this Friday, the company will be 7 pay checks in arrears (approx. $23,000) and I have been paid zero in commissions for 2013 (owed approx. $15 commissons). I have complained several times but so far have not filed a claim with the CA Board of Labor Relations. The company does have some upcoming potential sales that "could" alleviate the situation, but I have run out of money waiting for this to happen. I'm pretty torn about what to do.
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