Q: Want to be a S-Corp in RI as the sole s/h. Should I check the box a "close corp"? What's the advantages/disadvantages?
A: This complex question is best addressed with conversations held in concert with your CPA, Tax Accountant, and Attorney. The facts of how you plan on operating will influence the decision of the proper corporate formation. You should evaluate the potential benefit to organizing as an LLC as well, while having these conversations.
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