Webcast March 20th: Re-evaluating your choice of entity after tax reform

Most pass-through businesses consider their entity structure only once, at the time of formation. However, the Tax Cuts and Jobs Act has taken the traditional rules and turned them upside down. Corporate tax rates have been slashed from 35 percent to 21 percent while pass-through businesses such as S corporations and partnerships may now qualify for a new pass-through deduction that would effectively cut their tax rates from 39.6 percent to 29.6 percent. NMMA members are invited to join a live webcast on Tuesday, March 20 at 1 p.m. EDT to learn how tax reform has transformed the playing field for pass-through entities. Register here.

During this 60-minute webcast, the following will be addressed:

  • Why should I remain an S corporation, effectively paying a 29.6 or 37 percent tax rate, if I can get a 21 percent tax rate as a C corporation?
  • Can my partnership convert to C corporation status and enjoy the lower corporate tax rate?
  • ·Are there issues beyond the annual tax savings I should be considering?

What role do state and international considerations play in this decision?