Should You Form a C Corporation?
Be certain you understand the tax implications of your business entity
Conclusion
I’m not saying you shouldn’t be a C Corporation. I am not even claiming that everything in this article is current—although I believe it is. I am saying that there should be a specific reason for you to be a C Corporation, or an S Corporation, or an LLC, and those reasons change over time.
And it is you who should know the reason and be able to articulate it in general terms. Otherwise, you may be doing something this year just like it was done last year, just like you did the year before that. So review your status every year because it changes every year.
Tom Crouser is principal of Crouser & Associates, Inc., 4710 Chimney Drive, Charleston, WV 25302, www.MyPRINTResource.com/10004688 or call 304-965-7100. Reach Tom directly at 304-541-3714 or tom@crouser.com. Connect on Facebook and LinkedIn and follow his business tweets at www.twitter.com/tomcrouser.
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