Switching from a C to S Corporation

The right entity choice can make a difference in the tax bill you owe for your business. Although S corporations can provide substantial tax advantages over C corporations in some circumstances, there are plenty of potentially expensive tax problems that you should assess before making the decision to convert from

2021-04-12T14:54:38-06:00November 26th, 2019|

Pros & Cons of S Corporation Status

Operating a business as an S corporation may provide many advantages, including limited liability for owners and no double taxation (at least at the federal level). Self-employed people may also be able to lower their exposure to Social Security and Medicare taxes if they structure their businesses as S corps

2021-04-12T14:55:08-06:00September 10th, 2019|
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