Would your small business benefit from a change to S corporation status? An S corp enjoys partnership-type taxation while it protects you from personal liability.
It’s too late to switch to the S corporation format for 2008, but the deadline for 2009 is March 16, 2009. File Form 2553, Election by a Small Business Corporation, at www.irs.gov/pub/irs-pdf/f2553.pdf.
- Small Business Tax Deduction Strategies No matches