@Djbrevik17 wrote:
Do I end up paying that twice then once I file my own personal taxes with a 1040?
As the sole shareholder in a C corporation, you would be subject to double taxation; once on the net profit when you file the 1120 for the C corporation and again when you withdraw those profits (as dividends) on your 1040.
If you, for whatever reason, need an entity separate from yourself, you might want to look into organizing an S, rather than C, corporation.
Again, you should consult with a local tax professional before making any decisions on this matter.
