What you do with the money and how you report things for tax purposes are two different things.After toting up your net profit (income less deductible expenses), it doesn't matter what you do with the profits. You will pay taxes on them personally via the K-1 the corporation gives to you.You can take out whatever cash you wish, or you can leave it in the corporation for future expenses (like patent attorneys). So from a tax standpoint, there's really no change from what you've been doing in the past. --Peter
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