New and potential business owners should take care when selecting their business entity. How you and your business will be taxed is wholly dependent on the entity you select.
Tag: business entity
Should you Switch from an S Corp to a C Corp?
For decades, business owners debated the merits of switching from a C corp to an S corp, mainly for the tax advantages offered by an S corp to its owners. With the new tax act in place, the debate has flipped, and S corp owners are wondering if changing to a C corp might be advantageous.