Of all the external uncertainties that face family firms today, there is none greater than federal tax policy. One major factor – how a family enterprise designates its tax status – S corporations, C corporations, or LLCs – can dramatically impact a business’ revenue and long-term growth. Adding to the confusion, and tax exposure, some reform proposals often change the rules for partnerships, S corporations, limited liability companies or other so-called pass-through entities and require that these business structures be treated as C corporations for tax purposes. 

Read More….