The Quick Question — Which Entity is Right?

A client left a message to call back. The message said, “I am in a meeting and just need a quick answer. Should I be a C or S corporation or what about an LLC?”

The structure that a taxpayer chooses for his business has far-reaching impact. And yet, frequently this is a quick question — that has no quick answer. What is needed is a well-thought-out answer after careful consideration of the client, the business, and the applicable tax rules. Finding the right type of entity must be a group effort. This handy special report discusses and compares the tax rules as they pertain to C corporations, S corporations, and limited liability companies (LLCs) throughout the life cycle of the business.

This 90-page book covers forming, operating and dissolving LLCs, C corporations and S corporations. It includes a discussion of liability issues, accounting methods, estate and gift tax benefits, and numerous examples and cites. Use this handy reference to help decide which entity is best for your client.