Going public is the only real reason to be a C corporation. Speaker B says C Corps are nearly nonexistent among his clients, about 0.0001%. For most businesses, an LLC with a retroactive S corporation election back to January 1, 2024 works better.
Why do some companies have to or choose to structure as a C Corp Shareholders? I want to go public. I'm going public.
That's it. Now we might set up a sister isolated C Corp structure for some medical planning. Maybe last year we probably set up 4 or 5,000 entities for clients over the country. 0.0001% are C Corps. Well, whatever you are, stay there. Well, I'm not saying that either. Right now is the time to take your LLC for last year and do a retroactive S election, which you can do back to January 1st of 2024 if you should. I don got to look at the facts, but the C Corp is definitely not on the table.
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