Bruce Bell: The myriad of factors that must be considered in choosing the proper business structure requires a careful evaluation of the available alternatives. In today’s business environment, most closely held businesses operate as conventional C corporations, S corporations or limited liability companies, known as LLCs. Income earned by a C corporation is taxed to the corporation while dividends paid by a C corporation are taxable to the shareholders. While an S corporation can readily revoke its S corporation status and become a C corporation, a five-year period must lapse before a C corporation can reelect S corporation status. Light: So what’s the best bet for small business owners?

Source: Forbes January 06, 2019 15:45 UTC