Choice of Entity
Withum Smith + Brown’s (“WS+B”) client base is very diverse. During my 10+ year career I have worked with clients from multi-national consolidated groups to start-up entities. No matter how big or small the company, I often am asked: “Is my current entity choice optimal from a tax perspective?”
To help our clients better understand their choices, WS+B created a chart that highlights the differences amongst the three most common entities (C-Corporation, S-Corporation and LLC).
Aside from the tax considerations, when choosing an entity, thought should be given to the current goals, long term goals and legal issues of the company.
(Click to enlarge)
Authored by Steve Talkowsky
