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Several back I became aware of having a transaction within our real estate office that buyers do not have a professional inspection on an almost house they were buying. They "inspected it themselves" in order to the $300. Too bad they didn't catch the fact that some on the basement windows leaked badly when it rained. Water stains were clearly visible had they known search. That turned out to become a huge mess involving lawyers, threats and grief. Inadvertently tearing have been avoided having to pay the $300 to possess a Professional Home Inspection.
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Why they shouldn't be an S-Corp:In order start their business, they acquired a company loan, but got some money from their parents. Then, they went and met with your neighborhood CPA firm (like they thought they should) to see what was next. The fact next was shocking all of them.the CPA firm told them they desired to become an S-Corp, any all fantastic benefits they'd get. Now, mind you, this was before they even can had a previous customer! In fact, it was actually OVER several weeks before they finally had their first customer.