My friend and I are incorporating as a Delaware C Corp and will be based in IL. I was wondering if our initial seed money will be taxed under the corporation. I would imagine it will be but since it’s not technically profit (I think) I’m not 100% sure. If it isn’t taxed would subsequent deposits for funding by us be taxed?
Also if this isn’t the place to ask this let me know and I can delete this post. Thanks!
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April 24, 2017 at 05:34AM
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