Corporate Taxes, Closely Held Businesses, S-Corporation

“C’mon Man! Tax the Rich!” Business Owners Face Tax Increases*

Rivkin Radler LLP on 3/26/2024

Last week, Sen. Warren reintroduced her “Ultra-Millionaires” wealth tax proposal to the Senate. Query her timing. The measure has the proverbial snowball’s chance in Hell of being enacted by this Congress.Perhaps the Senator...more

So You Want to Start a Business? 10 Legal Steps to Create a Successful Business Entity

Ward and Smith, P.A. on 8/5/2022

Once you have a business idea, creating a business entity may seem daunting from a legal standpoint. However, setting up your business with thoughtful consideration and guidance will pay off over time, as you can...more

Proposed Tax Law Amendments and Tax Increases May Impact Private Equity and M&A Deals

Kramer Levin Naftalis & Frankel LLP on 9/28/2021

The House Ways and Means Committee recently released legislative proposals as part of the “Build Back Better” reconciliation legislation that the committee is currently developing (the Proposed Legislation). The Proposed...more

Partners, S Corp. Shareholders And Biden’s 2022 Revenue Proposal: No More Business As Usual

Rivkin Radler LLP on 6/14/2021

What A Ride- No one anticipated that the Administration’s proposed tax increases would fly through Congress easily – at least no one residing in a state in which the recreational use of marijuana has not been legalized....more

Compensation of Shareholders of Closely Held Companies: Is Yours Reasonable?

Dickinson Wright on 7/25/2019

There is no one-size-fits-all answer for closely held corporations when choosing to be taxed as an S-Corp or a C-Corp. Certainly, one of the factors driving the choice between classification as an S-Corp or C-Corp is that...more

Minority Shareholders Are Fiduciaries Too

Holland & Hart LLP on 10/16/2018

Often, a closely-held company comprises a large portion of a person’s wealth. In some instances, the company initially generated much of the person’s wealth. And in others, the company is formed as a vehicle to pass wealth...more

Choice of Entity for the Closely Held Business—Comparing LLCs and Subchapter S Corporations

Ward and Smith, P.A. on 5/29/2018

While the Internal Revenue Code ("Code"), Subchapter C Corporation ("C Corp") will be the proper choice of entity for some closely held businesses (particularly in light of the federal tax reform package that became effective...more

Debt . . . Worthless Debt . . . No Debt At All?

Farrell Fritz, P.C. on 5/29/2018

It is said that repetition is the mother of all learning. It is also said that insanity is repeating the same mistake and expecting a different result. It is my hope that the result of the former will overwhelm the source of...more

Corporate Taxes › Closely Held Businesses › S-Corporation

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