Maximize Tax Efficiency The Definitive Guide to Pass-Through Corporations

This new Bloomberg Tax Portfolio summarizes the key considerations for pass-through business taxpayers considering conversion to C corporation (C corp) status. For tax years beginning on or after January 1, 2022, entities taxed as S corporations and partnerships may elect annually to be subject to the PTE-E tax at a ... 80% of family businesses and generationally owned businesses, are organized as a Pass-Through Entity such as Limited liability company (LLC) ... These businesses include LLCs, partnerships, S corporations, and sole proprietorships. Many businesses are pass-through (sometimes called "flow- ... A domestic or foreign general partnership, joint venture, limited partnership (LP), limited liability partnership (LLP), limited liability company (LLC), ... S corporations and partnerships are considered pass-through entities for tax purposes. But what exactly does that mean? An S Corporation (S Corp) is a closely held corporation (Limited Liability Company (LLC), partnership, or C Corporation) that is treated as a pass-through ... Regular corporations (C-corps) are subject to federal and state corporate income taxes (sizeable businesses pay about 35 percent at the federal ... An S corp is any business that chooses to pass corporate income, losses, deductions, and credits through shareholders for federal tax purposes. S-Corporation › Pass-Through Entities ; Rivkin Radler LLP · Rivkin Radler LLP · 7/11/2024 ; PilieroMazza PLLC · PilieroMazza PLLC · 3/4/2024 ; Venable LLP · Venable LLP ...