Switching The Form Of Your Business
- The comparative ease and expense of forming each kind of business
- To what degree each might shield you from personal liability
- The tax benefits or drawbacks of each business set-up
- How many owners you had or planned to have,Whether passive investors had ownership stakes
- How much protection from creditors each entity would afford you.
If you formed your business as an S corporation and now want equity financing from foreign firms or corporations, you’ll have to become a C corporation or LLC in order to admit these new owners.
If you’re one of several owners of a professional firm that decides to share profits according to each owner’s annual contribution to the bottom line, you won’t be able to use a corporate form. But partnership rules could accommodate this arrangement.
If your growing software company, formed as an LLC, decides to go public, you’ll have to become a C corporation.
© 2017. All Rights Reserved.
- Shaping Your Legacy With Trusts
- Plan Ahead To Sell Your Business
- Getting Help To Care For Mom And Dad
- How To Spell Estate Tax Relief
- Watch Out For "Grandparent Scams"
- This Tax-Free Rollover Goes Right To Charity
- ETFs Can Provide Some Other-Worldly Benefits To Investors
- Four Tax Strategies In Retirement
- Why Turn Down An Inheritance?
- Do You Deserve A High Grade In Financial Literacy?
- Six Tax Items For Small Businesses
- How Now, Dow Jones Industrials?
- Five Steps When You Inherit Assets
- Getting A High Tax Grade For Higher Education Credits
- Five Retirement Questions To Answer