Is S Corp Election a Fit for Your Organization

Is S Corp Election a Fit for Your Organization - TCJA

6/11/2019

Tax reform may have you thinking of changing your S corporation to a C corporation, partnership, or sole proprietorship.

With such a switch, you need to consider two things one of them are the tax consequences.

If you chose S corporation taxation for your limited liability company (LLC), changing that election is complicated.

If you will like to know if you are in the right entity setup for tax purposes, let us do the work for you. We will provide you with a comprehensive report filled with side by side comparisons of each entity and a snippet of any section 199A deduction you may qualify for. Click the button below to schedule your appointment today.

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Important Disclosures

Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Author

Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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