S Corporations

When Starting a Business, Many Investors Prefer S Corporations

Corporations in our society operate under a broad legal framework that has been in place for many years. However, limited liability companies are a fairly new development and, as such, are not always the most attractive choice for investors. Case law remains thin and underdeveloped in legal matters involving limited liability companies. For this reason, use of a corporation as a structure is preferred by many investors who want to start a business.

According to the Internal Revenue Service (IRS):

“When a small group of investors is involved, they may choose an S corporation structure for tax purposes. In this way, there will only be one tax on the corporation’s earnings, instead of the two levels of taxation that are present in a regular corporation.”- As stated by the Internal Revenue Service

John McDuff Can Help You Form a S Corporation

As a veteran business attorney practicing for over 20 years, John McDuff has helped numerous clients form S corporations. The Law Office of John McDuff, P.C. will provide you with focused counseling until you arrive at a point where you believe you have the most advantageous structure for your new businesses. In addition to the business side of things, John McDuff is well-prepared to advise you on all tax-related aspects of a new or already existing S corporation.

Contact The Law Office of John McDuff, P.C. at 512-457-1177 to schedule an appointment. Our law firm serves clients throughout Austin and Central Texas.

The information that you obtain at this site is not, nor is it intended to be, legal advice, and any use of this information will not create an attorney-client relationship. We invite you to contact us to get advice.