Quick Tip – If you are operating as a C Corporation and are profitable you should seriously look at converting to a S Corporation. From an operations point of view it usually does not affect your results. Yet, when you sell your business the change can save Sellers up to half of the Federal Income Tax liability. This can be 10-25% of the total sales price.
The analysis to determine what is best for you is technical and every situation must be individually reviewed. Therefore, if you have a C Corporation ask your accountant, transactional attorney, or call us to find out more about converting your company to a S Corporation.
Tuesday, August 30, 2005
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