Some of these opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation, or regular corporation. Other opportunities may apply only to a particular type of business organization. This Tax Letter is organized into sections discussing year-end, and year-round, tax-saving opportunities for:
2. Partnerships, limited liability companies, and S corporations
Tax planning for businesses also requires consideration of the tax consequences to the individual owners. Accordingly, we suggest you also review Tax Planning Considerations for Individuals Including Year-End Ideas.
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