The other option that many entrepreneurs choose is to form a Subchapter S Corp. I used this in my company and still do. It gives you the C-Corp protections and tax deductions while limiting the tax exposure that a C Corp exposes to the company. The Subchapter S Corp profits flow to the shareholders as income. From a taxable standpoint, if you take a $100k salary and the company makes $100k, your taxable income is 200k. If you have partners, the profits are broken up into percentages based on the shares per partner.
The other option that many entrepreneurs choose is to form a Subchapter S Corp. I used this in my company and still do. It gives you the C-Corp protections and tax deductions while limiting the tax exposure that a C Corp exposes to the company. The Subchapter S Corp profits flow to the shareholders as income. From a taxable standpoint, if you take a $100k salary and the company makes $100k, your taxable income is 200k. If you have partners, the profits are broken up into percentages based on the shares per partner.