Comments on: Company: LLC, C-Corp, Sorp – Taxes on Just Profits!? http://www.gomiweb.org/cpa-networks/company-llc-c-corp-sorp-taxes-on-just-profits An Internet Marketing Gold Mine Mon, 06 Feb 2012 23:50:17 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Feeling Mutual http://www.gomiweb.org/cpa-networks/company-llc-c-corp-sorp-taxes-on-just-profits/comment-page-1#comment-1196 Feeling Mutual Mon, 08 Feb 2010 23:54:59 +0000 http://www.gomiweb.org/cpa-networks/company-llc-c-corp-sorp-taxes-on-just-profits#comment-1196 It depends on the laws in your area. An S-Corp does not pay federal income taxes in most cases, but in my state, they still have to pay a francise tax on their assets. And just because a company does not pay Federal Income Tax, does not mean that it does not pay State Income Taxes, or a local income tax, or some other Tax in your area.<br><b>References : </b><br>Incorporator It depends on the laws in your area.

An S-Corp does not pay federal income taxes in most cases, but in my state, they still have to pay a francise tax on their assets.

And just because a company does not pay Federal Income Tax, does not mean that it does not pay State Income Taxes, or a local income tax, or some other Tax in your area.
References :
Incorporator

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