Corporate tax in the United States is a tax on the taxable income of a C corporation or an entity taxed as a C corporation. The corporate tax is the default tax levied on a business entity unless the entity qualifies to be taxed under different tax rules such as those for non-profit organizations and S corporations. The corporation is taxed under 26 U.S.C. § 11 and Subchapter C (26 U.S.C. § 301 et seq.) of Chapter 1 of the Internal Revenue Code. (Courtesy of Wikipedia read more) Premium Listing Opportunities If you are interested in premium listing opportunities on this website for your business, please contact us at info@focuspointlabs.com. Searching for a Corporate Tax Attorney? Send us your contact info below, and we will match you with a qualified professional free of charge! Full Name:  Your Email:  Biz Phone:  Cell Phone:  Organization:  Title:  select Owner CEO/President Director CFO VP Finance COO Attorney Accountant Other Location:  Biz Type:  select C-Corp S-Corp LLC Sole Proprietorship Partnership LP LLP Other Years in Biz:  select pre-formation 0-1 2-5 6-10 more than 10 Employees:  select not applicable 0-4 5-14 15-49 50-99 100-499 500-999 more than 1000 Reason for Inquiry:  Urgency:  select immediate next few weeks next few months

INTRODUCTION An effective tax structure is one aspect of selecting an entity. Other critical considerations include: limited liability, transferability of interests, continuity of existence, centralization of management and control, administrative complexity and expense, capitalization needs, plans for employee equity plans, confidentiality over intra-ownership matters and applicable laws and regulations. For example, a professional law corporation is the only entity with limited liability available for solo practitioners operating a law business; the choice is simply whether to elect S treatment or not. To make the decision easier for the sole practitioner, personal service corporations (such as a law firm) are taxed at a federal tax rate of 35% (staggered corporate rates of 15%, 25%, 34% and 35% do not apply). In the foregoing solo practitioner example, the choice came down to whether to elect S treatment or not. However, if two persons wanted to start a law firm, they could also choose to operate under a limited liability partnership (LLP), which would receive pass through treatment. Each of the persons could hold the interest directly or through a professional corporation, which may or may not elect S treatment. By changing the facts slightly (adding one more principal), the tax considerations quickly become complex. In that regard, tax considerations for entity selection can be a relatively straightforward or complex depending on the facts. As a result, practitioners should strive to collect and gather the relevant and material facts for entity formation. See Appendix A for a sample list of questions that should be asked during entity selection. © 2008 Jay Bettinger, Esq. All Rights Reserved. I. Introduction II. Knowledgeably Advising Your Client on Taxation Options A. Practice Support B. Legal Authority C. Subchapters D. Other Relevant IRC Provisions E. Circular 230 F. General Tax Principles G. Tax Doctrines H. Alternative Business Organizations - Tax Differences III. Conclusion

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