Entities (like LLCs) classified as partnerships or S corporations for tax purposes, also known as pass-through entities, offer businesses the opportunity to structure flexible economic deals while paying only a single layer of tax, as opposed to the double layer of tax paid by C corporations. Additionally, pass-through entities are eligible to make use of the section 199A deduction that can reduce their effective tax rates.
Flow-through entities provide opportunities for businesses to create deals capturing both the desired economic and tax outcome. The right advisor can help with the following:
For Partnerships
For S Corporations
Eide Bailly’s team of experienced tax attorneys and accountants can help you with all phases of an engagement, from admitting a new partner or shareholder to wrapping up and liquidating a business. We take pride in understanding the unique facets of your business and ensuring you know how particular tax provisions may benefit your situation.
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The taxation of flow-through provides businesses with tax opportunities.
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