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creating s-corp: should i name my wife as a director/shareholder?
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there are many aspects to consider in deciding what sort of company you want to form. instead of an s-corporation, you should determine whether it would be better to form a limited liability company (llc), limited partnership (lp) or even a professional company (pc). littleadv is correct: there is minimal benefit in forming an s-corp with you and your wife as the shareholders, if you will be the only contributor-worker. there are costs associated with an s-corporation, or any corporation, that might outweigh benefits from more favorable tax treatment, or personal protection from liability: filing fees and disclosure rules vary from state to state. for example, my father was a cardiologist who had no employees, other than my grandmother (she worked for free), in a state with income taxes (nm). he was advised that a pc was best in new mexico, while an s-corp was better in florida (there are no personal income taxes in florida).  the only way to know what to do requires that you consult an accountant, a good one, for guidance.
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