Profitable Football Business

Profitable Football Business

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Why they shouldn't be an S-Corp:In order start their business, they took out a small business loan, and could have gotten some money from their parents. Then, they went and met with your neighborhood CPA firm (like they thought they should) figure out what was next. The gist next was shocking for them.the CPA firm told them they wanted to become an S-Corp, any all the wonderful benefits they'd get. Now, mind you, this was before they had observe customer! In fact, obvious OVER several weeks before they finally had their first customer.

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