A closer look Choosing a Tax-Efficient Business Entity

Oct 05, 2020
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In Brief

  • The Tax Cuts and Jobs Act of 2017 (TCJA) made sweeping changes to the federal tax code, including several major changes to the taxation of business income. The applicability of these rules varies based on the type of business entity involved.
  • Choosing the best type of business entity for your company is more important than ever to maximize tax efficiency, but it can also impact the personal liability risk you may incur and your ability to raise money, among other important business considerations.
  • In this A Closer Look, we focus on the tax and other consequences of various business entities and related planning opportunities for individuals.


About the Authors

Stephen A. Baxley
Director of Tax and Financial Planning
In this role, Stephen is responsible for delivering strategic tax consulting and tax management services to Bessemer clients and their related entities.

Dominic DeFalco Jr.
Regional Director of Tax Consulting
In this role, Dominic is responsible for strategic tax consulting and tax management services for Bessemer clients and related entities.