I own a small business that is unfortunately structured as a C-corp (big mistake in hindsight). I've owned the business for about 15 years but don't work in the business any longer as I have a good management structure to support the operations. I still draw a paycheck but it seems that as the sole shareholder I should just be paying myself a dividend. I believe the business will be taxed on the dividend payments but would it lower my overall personal tax rate of 39.6%?
Submitted April 18, 2018 at 12:48PM by Financial_Panthers https://ift.tt/2J5QF4B
