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Standard company or LTC ?

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  • Standard company or LTC ?

    Hi
    Two scenarios...

    A..Standard company makes $1000 profit that it gives to one shareholder.
    With imputation it works out the shareholder would end up with $670 after tax.
    Company taxed $280 shareholder taxed $50

    B...LTC makes $1000 profit that it gives to the one shareholder.
    Shareholder is taxed at 33% so pays $330 and ends up with $670

    What are the benefits of even being a Standard company ?

    If you end up paying the same amount of tax on your profit it seems way easier to stick
    with the LTC and not have to bother with imputation paper work.

    Or am I missing something else?
    Thanks
    Richard
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