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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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.
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.