From a U.S. federal income tax perspective, the S corporation can be an attractive entity through which to conduct business. On the one hand, an S corporation is a pass-through entity, which is generally not subject to the double taxation experienced by C corporations. In addition, S corporation income is subject to beneficial tax rates in respect of qualified business income passed through to shareholders. If structured right, an S corporation can be an attractive acquisition target which can lead to an increased purchase price on an exit.
On the other hand, there are several rigid requirements that must be met in order to conduct business through an S corporation.
This presentation will help you understand the rigid requirements that govern S corporations, will highlight some of the benefits and drawbacks associated with operating as an S corporation, and will also address the tax issues that arise on mergers and acquisitions involving S corporation targets.
Blank Rome LLP
Associate Tax Attorney
[email protected]
(215) 569-5752
Jeffrey Rosenfeld concentrates his practice in the area of business tax law. He counsels public and private corporations, partnerships, and individuals in a broad array of tax matters including:
Blank Rome LLP
Associate
[email protected]
(215) 569-5500
Richard Chou concentrates his practice in tax law for both publicly-traded and private companies. Richard counsels a variety of clients, including individuals, corporations, and partnerships, on federal, international, and state/local tax issues. He advises clients on various types of transactions, including:
Richard also has digital currency experience including federal tax withholding and general federal income tax consequences associated with digital currency transactions.
While in law school, Richard was a senior editor of the Southern California Interdisciplinary Law Journal. Richard is also currently a certified public account in California.