TITLE

Trade Your S Corp for a LLC

AUTHOR(S)
GEFFERT, M. L.
PUB. DATE
October 2014
SOURCE
Business NH Magazine;Oct2014, Vol. 31 Issue 10, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
98853807

 

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