Art Bradham CPA PC
Entity Selection & Maintenance
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The selection of the proper entity is one of the
most important and least understood formation
issues that a taxpayer could face today. The
second most important issue is entity retention
and maintenance. Just because an LLC was the
right choice at one time does not make it the
right choice for all time. Do you need to change
your tax structure? What’s the cheapest, most
effective manner?
If I could wave my magic wand, this would be
the one issue I would want every business
account to review on a regular basis.
I have saved clients many thousands of dollars
in tax by switching entities, or changing the
characteristics of the existing entity. Did you
know an LLC can elect to be taxed as an S
Corporation, without changing legal status? Is
there ever a reason to keep or form a traditional
C Corporation any more? What are the
consequences of being a single member LLC?
What happens if more or fewer members
remain in an LLC?
most important and least understood formation
issues that a taxpayer could face today. The
second most important issue is entity retention
and maintenance. Just because an LLC was the
right choice at one time does not make it the
right choice for all time. Do you need to change
your tax structure? What’s the cheapest, most
effective manner?
If I could wave my magic wand, this would be
the one issue I would want every business
account to review on a regular basis.
I have saved clients many thousands of dollars
in tax by switching entities, or changing the
characteristics of the existing entity. Did you
know an LLC can elect to be taxed as an S
Corporation, without changing legal status? Is
there ever a reason to keep or form a traditional
C Corporation any more? What are the
consequences of being a single member LLC?
What happens if more or fewer members
remain in an LLC?
| Call us: 803-774-1040 Email us: art@artbradham.com |