Tax Strategies

Jeffrey A. Sanderson, CPA, Director of Taxation

Baden, Gage & Schroeder LLC

www.badencpa.com

Select the best structure. Choices for the best entity structure for your business include C corporation, S corporation, partnership and sole proprietorship. Limited Liability Companies (LLC) do not have a recognized tax structure. Rather, an LLC may elect to be taxed as a C or S corporation partnership or sole proprietorship. With most of these options, business income will be taxed at the individual owner's tax rate with no double taxation of distributions of business profits to the individual owner. Other variables such as tax rates, self-employment tax, ownership …