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Don't forget your local taxation as well - my company (C-corp) in Santa Monica as well as my wife's (S-corp) in LA both get hit for several $thou each year. There are property taxes as well as revenue-based business taxes.
If your business is cash-flow negative from an accounting standpoint, an S-corp can be great if there is other income to offset with the loss.
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Chris C.
1973 914 "R" (914-6) | track toy
2009 911 Turbo 6-speed (997.1TT) | street weapon
2021 Tesla Model 3 Performance | daily driver
2001 F150 Supercrew 4x4 | hauler
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