Tag: dental practice purchase s-corp

I purchased an existing practice with an existing S-corp in place. I’m getting a lot of different messages from what to do as far as creating a new S-corp under me. I want to reuse the practice name. The person at the secretary of state’s office said all I would need to do is change […]

I am set up as an S Corp. Is there any way that I can “save up” for the purchase of the building without having to pay taxes on that money? No, that “money” represents s-corp profit which will be taxable. There is just no way around that. I need to save about 160k for […]