How Can Strategic Business Structuring Help Minimize Tax Liability?

How Can Strategic Business Structuring Help Minimize Tax Liability? Executive Summary  -A company’s legal entity classification determines the mechanics of taxation, including how income is reported, how losses flow through (or are retained), and which deductions and credits are available.  -Choosing the right entity—such as an LLC, S corporation, C corporation, or partnership—can significantly reduce […]

1031 Exchange of a Tenant-In-Common Interest

1031 Exchange of a Tenant-In-Common Interest Have an LLC membership interest in an entity that owns real property? If so, the need to structure your ownership is critical in being able to take advantage of a 1031 exchange. Generally when an interest in real property is sold a tax payer is required to pay taxes […]