How tax reform affects new business owners

While choosing a business entity seems simple, the Tax Cuts and Jobs Act, combined with today’s changing business landscape, complicates the decision. As discussed in my previous article, there are certain questions you must be able to answer as a business owner planning any new venture. Here are several more for review.

How do I get profits out of the business?

A business has a choice of either reinvesting its profits back into the business or distributing them to the owners. If there is intent…

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