Unlocking the Benefits of Pass-Through Corporations A Smart Choice

S Corporations, like LLCs, do not have to pay corporate income tax; the S Corporation's income is treated as pass-through income. Another advantage of an S ... Pass-through businesses, such as sole proprietorships, partnerships, and S corporations, are treated differently than C corporations under ... This large and growing category of U.S. business—which includes sole proprietorships, partnerships such as law firms, private equity companies, ... Partnerships and S corporations benefit from pass-through taxation but differ significantly in stock, personal liability, ... This category includes sole proprietorships, partnerships, and what are called S-corporations. These are \”pass-through\” corporations, in which ... The Tax Cuts and Jobs Act (TCJA), the massive tax reform law that took effect in 2018, established a new tax deduction for owners of pass-through businesses ... 80% of family businesses and generationally owned businesses, are organized as a Pass-Through Entity such as Limited liability company (LLC) ... Pass-through taxation is a major benefit for Texas S-corporations. This tax structure allows business income to "pass through" directly to the shareholders, ... PTEs (other than S-Corporations): Calculate the total of lines 1 through 17 in the Alabama column on Schedule K from the PTEs 2020 Form 65, then multiply this ... S Corporations and Limited Liability Companies (LLC) both protect owners from personal liability for business debts and other liabilities.