The end of the year is a good time to consider making a tax entity change. If you’re thinking of switching, talk to us at Padgett (412-816-2228) first to find out if changing makes sense for your business, given the potential tax consequences.
Some changes have few or no tax implications, but others can be costly. Incorporating a sole proprietorship or partnership should be tax free if done correctly, but failure to adhere to the rules can trigger tax.
Get good advice before making a move and then follow the advice carefully.
