Revisiting Entity Choice for Small Business Owners

Loading...
Thumbnail Image

Authors

Hyatt, Venita R.
Clevenger, Novella

Issue Date

2003-10-1

Type

Working paper

Language

en_US

Keywords

Corporations , Taxation , Small Business

Research Projects

Organizational Units

Journal Issue

Alternative Title

Abstract

Recent changes and proposed changes in federal tax laws may affect the important decision about which entity to choose when starting a small business. Reduction in the rate of tax on dividends to 15 percent has lessened the impact of double taxation of corporate income under Subsection C of the Internal Revenue Code. The Treasury Department's recent statement of support for proposals that reduce complexity in tax laws governing Subchapter S may make that entity choice more appealing than those taxed under complex partnership laws. This article will provide an overview of several business entity forms from tax and legal perspectives.

Description

Citation

Publisher

Washburn University. School of Business

Rights

Journal

Volume

Issue

PubMed ID

DOI

ISSN

EISSN