| C Corp Exit Strategy, prepare in advance or be prepared for a BIG tax bill!
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If your company is a C corporation you could be in for a BIG surprise when you sell your business!
S corporations and LLCs are pass through entities, which means that the corporation or legal entity’s income is passed through directly to stockholders or members. Consequently these entities do not pay income taxes, the owners receive the income and they pay the taxes.
C corporations are different.C corporations retain the earnings (income), pay taxes on the income and then distribute
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| Exit Strategies Pay Big Dividends
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Every business owner should have an exit strategy or succession plan in place, even if you do not plan to sellin the near future. By developing an exit strategy for your business youincrease the future value of the enterprise and build a better business along the way. Your exit strategy does not need to be an elaborate and exhaustive "book", it can be a simple functional plan that addresses the specific things you need to do to grow your business, make it less dependent on you,develop your staff
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