Trade Your S Corp for a LLC

October 2014
Business NH Magazine;Oct2014, Vol. 31 Issue 10, p23
The article discusses how businesses can save money by converting an S corporation with shareholders in New Hampshire to a limited liability company (LLC). Topics include adding to an LLC's which results in U.S. tax law imposing only one layer of tax at the owner level on income of S corporations and most LLCs, U.S. federal considerable tax-flexibility to LLCs, and the ruling by the Internal Revenue Service ( IRS) creating increased interest for S corporations to convert to LLCs.


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