Choosing a business entity — whether a C corporation, S corporation, partnership, limited liability company, or sole proprietorship — is one of the first, and most important choices you will make for your business. The Tax Cuts and Jobs Act (TCJA) of 2017 made the most sweeping changes to the Tax Code in decades, and may have changed what most business people thought they knew about how to configure their companies for maximum tax advantage. Let's explore the new corporate tax rate changes and what they mean for your choice of business entity.
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