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Episode 106 - How Your Choice of Business Entity Affects Your Tax Obligations...Part 2
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Along with personal liability protection, record-keeping requirements, and how you plan to finance your operation, one of the main factors to consider when choosing an entity structure for your business is deciding how your want your company taxed. Your choice of entity will not only determine the rate at which. your business is taxes, as well as how and when you are required to file your taxes, but it can also impact a variety of other factors affecting both you and your company.
Last week we covered sole proprietorships, partnerships, and LLCs. This week listen in as your host, Becky Easton provides a brief overview of the tax obligations for C Corporations and S Corporations, along with some of the advantages and disadvantages inherent to each structure.
Be sure to reach out to a Family Business Lawyer near you for assistance and advice before making your final decision.
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