 My thesis was that a majority of U.S. mega-companies are C Corporations. Therefore, I assumed because of the enormous lobbying strength of these mammoth organizations, there would be more tax benefits."
Mike Patton, President, Integrity Wealth Management
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LLC or C Corp? The Tax Implications for Advisors
Mike Patton | Think Advisor, March 2014
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Summary:In early 2012 I posted a blog on a change I had made in my business structure. Specifically, I closed the LLC and changed to a C Corp. That blog garnered a lot of good comments, as many advisors were interested in reducing their own tax burden. That year, 2012, was the first in which I filed as a C Corp and 2013 will be the second. Now that I have had some time under the new structure, I thought I'd reveal the results.
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