Pay No Tax When Selling Your Business
The WealthAbility Show with Tom Wheelwright, CPA
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How Do You Become a C Corporation?
Businesses who distribute all their money and use it on personal purposes should be a pass through entity, in my opinion. If that's the case, then you really ought to consider being a c corporation. You have two choices: revoke your election and become a c corporation or form a new corporation as a subsidiary. It can be owned by an s corporation, partnership, individual, trust, anybody.
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