Choice of Business Entity: Weighing the LLC Against the Alternatives
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Description
The debate over which type of entity constitutes the best vehicle through which to conduct a business enterprise or to hold investment property never seems to go away. The longevity of the discussion is likely due to fact that the determination of the preferred entity is driven largely by tax considerations, and the relevant tax provisions do not stay fixed for any extended period. Yet lately there has developed a conventional wisdom that the various advantages of the limited liability company (LLC) has rendered the choice of entity debate moot. This chapter begins by outlining the comparative advantages of the LLC form. After doing so, the chapter then details particular instances in which an S corporation or a C corporation could nonetheless be the preferred business entity choice.
Source Publication
South Carolina Corporate Practice Manual
Source Editors/Authors
South Carolina Bar
Publication Date
2005
Edition
2
Recommended Citation
Hellwig, Brant J., "Choice of Business Entity: Weighing the LLC Against the Alternatives" (2005). Faculty Chapters. 760.
https://gretchen.law.nyu.edu/fac-chapt/760
