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 > > > > > -- WISPA Wireless List: firstname.lastname@example.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- WISPA Wireless List: email@example.com Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/