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Author: BeenFooled Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121568  
Subject: Leaving money in S Cospr at end of year Date: 5/24/2010 6:13 PM
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I run a small S Corp, of which I am the 100% owner and only employee. Very simple stuff: I get revenue, my payroll service does all payroll taxes and pays me, whatever's left over at the end of the year I usually get in the form of a Sch K distribution and next year everything starts again at zero. This has worked well for many years.

This year the company did quite well and I would like to keep some of the money in the company for use next year (I am planning to write up a bunch of patents and need to pay my patent agent & the patent office a fair chunk of change, among other things). I am not sure how to do this.... any clues, please?

Thank you!
BF
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