They say that corporate taxation is a lot like a lobster trap…
“Easy to get in. Hard to get out.”
If you are snared in a C corporation lobster trap and want out so you can switch to a sole-proprietorship, my new article is for you.
You see, the conversion process to a proprietorship can be expensive and may or may not make sense for you. But don’t worry. I’ll give you all the facts you need to make a smart decision when you read my new, free article titled Tax Tips: Escape the Lobster Trap of Corporate Tax.
Three ways our fact-filled article can help you:
- We’ll explain why you’ll have to liquidate. The tax law is clear on this point. If you want to make the C corporation-to-proprietorship switch, you’ll have to pay a price. Your corporation will have to “liquidate” for tax purposes. We’ll explain everything when you read the full article.
- You’ll learn how to play the “goodwill” game. The last thing you want to do is pay taxes on the goodwill of your business. We’ll tell you how to make sure that goodwill is not a corporate asset when you read the full article.
- I’ll tell you about special tax breaks that can save you a bundle. I’ve written about three extra tax-saving techniques that are perfect for stockholders of small businesses. You’ll find out what they are when you read the full article.