I'm about to start a simple corporation in Reno. It will sell services and it will have 1 employee who is also the owner. I'm thinking about the S Corp vs C Corp tradeoffs.
One tradeoff I need information about is the ability to deduct medical expenses. It's my understanding that a C Corp can deduct 100% of medical insurance premiums paid on behalf of employees. Is it possible to supply a deductable benefit to them which pays for actual medical expenses? I want my C corp to pay for medical costs which are not covered by the group inusrance policy. Another question which is a bit off topic: Is it difficult to obtain a medical policy in the name of a corporation which covers just one person?
-Bob