Calculates the tax benefits of switching the business to a s
corporation for each of the...
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Accounting
Calculates the tax benefits of switching the business to a scorporation for each of the stakeholders involved and the businessentity
For a s corporation lets say the company Is worth $100 milliondollars and $17.5 million in revenue.
Bob owns 50% of the company
Mark owns 20% of the company
Tony owns 25% but his selling his portion of the company
Steve owns 5 %
tax benefits of switching the business to a s corporation?
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S Corps are pass through entities ie they pass through their income to the owners of the S corp rather than paying tax on S Corp income Where as a C corp has to face double taxation situation
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