Page 5 - BUSINESS ENTITIES

CHOOSE

Wisely

BUSINESS

ENTITY - Limited Liability Corp (LLC)

TAX ADVANTAGES Tax Disadvantages

- Distributive share of m em bers
- ALLOWED TO "CHECK THE BOX"
AND SELECT TAXATION AS subject to SE tax if entity does not
PARTNERSHIP, CORPORATION (C elect to be taxed as a corporation
OR S) - Many fringe benefits not deductible
- ALLOCATION OF PROFIT & LOSS
to m em bers if entity does not elect
ARE NOT DEPENDENT ON
to be taxed as a corporation
PERCENTAGE OF OWNERSHIP;
SPECIAL ALLOCATIONS ALLOWED

Call us now: +1 (469) 910-7213 5208 Troupe Rd

https://lentcpa.com McKinney, TX 75071