Beware of S-Corp Rules in Estate Planning

Business NC, Law Journal

In recent years estate- and business-planning professionals have devoted considerable attention to the limited-liability company as a desirable business entity with “flow-through” taxation. The taxation of S Corporations and of LLCs treated as partnerships differs such that the LLC often proves to be the more flexible and tax-efficient entity over the long term for both business- and estate-planning purposes.

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