The Benefits Of Owning A Closed Entity
Years ago, one of the main benefits to a C Corp was the ability to put significant contributions into a retirement benefit. In recent years, the IRS leveled the playing field. All contributions are the same regardless of the form of doing business. So a sole proprietor can put in the same contribution or have the same benefit as a corporation. The same is true of an LLC or a partnership. So this difference has narrowed significantly. There are only two remaining benefits but they are not significant enough to dictate one best entity. . . .
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