S-corporation vs. C-corporation
(S corp) (C corp)

In recent years the S-corporation has been a popular choice for small to medium sized companies. A few of its tax advantages include avoiding double taxation (which the C-corporation has also), pass through income to individual shareholders personal taxes, and flexibility for closely held businesses. However, with Trump’s imminent tax changes, it will be interesting to see if the C corporation becomes popular again for overall tax planning.

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