The Pros and Cons of Different Business Entity Types

As an attorney, it is very important to plan what entity you are going to be from a tax perspective, and today we're going to talk about the pros and cons of each entity type. Here's what I cover: 1. The different types of business entities, and the pros and cons of each from a tax perspective. 2. The taxation of S corporations, and how they compare to other types of business entities. 3. The requirements for businesses to report and pay taxes in their home state.