June 2021
Among the most important choices you'll make when establishing your business is what type of entity to use for your company's structure. Generally selected from among C corporations, S corporations or partnerships, there are advantages and disadvantages in terms of tax and legal issues that will make one of these options the best choice for your company, both now and in the future. Given President Biden's proposal to increase corporation tax, converting your existing entity to a different structure may make sense, but only after careful consideration and analysis between immediate costs versus future tax benefits.
