What is a pass-through entity?
A pass-through entity is a business the profits of which “pass through” to the business owner and are federally taxed at his/her individual rate. Pass-through entities can be both S corporations and limited liability companies. Electing pass-through tax treatment may avoid the double-taxation which might result otherwise, depending on one’s particular situation.
If you are interested in discussing business and estate planning, including electing to have your business designated as a pass-through entity, or if you would like to review your portfolio of assets to determine the best tax plan, attorney Fred Jacobs is a Florida Board Certified Tax Law attorney who can advise you with your case. Call (941) 906-1231 to set up a consultation.