Should Your Business Be a C Corporation?

Article Excerpt: In light of the recent federal tax legislation that lowered the C corporation tax rate to 21%, reduced the top individual rate to 37%, and provides qualifying business owners a 20% deduction on their share of pass-through income, business owners are wondering whether a C corporation is the most tax-efficient form of entity. The answer is not as obvious as it may appear to be by just looking at the top tax rates. Let’s compare some of the factors that must be considered when deciding how to structure your company.