Business structure: The choice is yours

Description

Abstract: As year end nears, business owners have a variety of specific tax issues to consider. But it might be well to consider some big-picture matters as well — such as business structure. Three popular entity types — the C corporation, the S corporation and the limited liability company (LLC) — all limit their owners’ exposure to personal liability for company debts and obligations. But, as this article explains, there are some noteworthy differences between them.