Tag Archives: S corp

12 Reasons For A Startup Not To Be An LLC

Very seldom in our lives do we need to make 4,000 decisions in rapid succession. Welcome to the life of the owner of a startup. As decisions are made, founders often find themselves asking, “Can this seemingly mundane decision later … Continue reading

Posted in Business Entities | Tagged , , , , , , , | 97 Comments

New Proposed S Corporation Tax Bill Revised

As I blogged last week, Congress is considering taking away the employment tax benefits of being an S corporation for certain small professional services businesses. The first bill that was proposed targeted S corporations engaged in professional service businesses if … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | 8 Comments

Sure, You’ve Heard of 1031 Exchanges, But What About 1045 Exchanges?

By Joe Wallin & Michael Gentile The Internal Revenue Code contains a number of preferential tax treatment provisions for small businesses. One that is often overlooked is Section 1045, which generally permits a non-corporate taxpayer to elect to defer recognizing gain on the … Continue reading

Posted in Federal Law & Regulation | Tagged , , , , , , , , , , , , , , , | 3 Comments