as long as you OFFER it to them on a poster somewhere in the building.

At least, that's what NJ says...  that way it's "opt in" and there's no
"discrimination"

-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of Travis Johnson
Sent: Tuesday, December 19, 2006 9:21 AM
To: [EMAIL PROTECTED]; WISPA General List
Subject: Re: [WISPA] salary

Peter,

"Everyone in an S Corp has to get the same benefits - so if you take health
care, so does every employee" is incorrect. We have consulted with our
accountant and our attorney on this exact matter. We have about 30% of our
employees with health insurance and 70% without.

Travis
Microserv

Peter R. wrote:
> Sweat equity.
> The Google boys' $1 salary.
> Different levels of stock.
> Investors.
> }}} All of that is tax planning and corporate law.
> An S Corp has limitations - both tax and structure.
> There is a limit on who can be a stockholder and how many. (Like no 
> foreign investment).
> There can only be one kind of stock.
> Everyone in an S Corp has to get the same benefits - so if you take 
> health care, so does every employee.
> Minutes and meetings are required annually.
> Business plan is a necessity.
> Also, losses for 4 years straight for an LLC and S Corp is a flag at 
> the IRS. Losses indicate a hobby.
> BTW, some states don't like the LLC (like California).
>
> The 2 reasons to incorporate is to reduce tax liability and protect 
> against personal liability (asset protection).
>
> Asset protection and tax strategy are complicated. Many CPA's aren't 
> equipped to do complex tax work. (They can only pump a 1040). Three 
> good tax/asset strategists are Sandy Botkin, Lee Phillips, and Lisa Tom.
>
> Make sure that your CPA is willing to go with you to the IRS to defend 
> your accounting practices. (And I would get that it writing).
>
> Regards,
>
> Peter Radizeski
> RAD-INFO, Inc.
> (813) 963-5884
>
>
>
>
>
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