• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fortenberry PLLC

LLC Lawyers

  • Move Your LLC to a New State
  • Move Your LLC to a New State

Business and Nonprofit Taxation

You are here: Home / Business and Nonprofit Taxation

Tax planning is a crucial part of designing effective legal strategies for real estate owners and investors. Although it is important to keep non-tax objectives in mind, tax planning should inform most legal decisions.

When setting up a new business, it is important to choose an entity with a tax classification that meets the owner’s deeds. Choosing the right type of entity can help save taxes and streamline business operations.

With the double taxation regime that applies to C corporations, passthrough entities like LLCs, partnerships and S corporations are often the best choice. Because LLCs can elect to be taxed under any of these regimes, we recommend LLCs for most businesses.

Corporate Taxation

All corporations are taxed as either subchapter C corporations or subchapter S corporations. Use the links below to find out more.

 

  • What is a Subchapter C Corporation?
  • What is a Subchapter S Corporation?
  • Tax Consequences of Contributions to C Corporations
  • Tax Consequences of Contributions to S Corporations
  • Tax Consequences of Distributions from C Corporations
  • Tax Consequences of Distributions from S Corporations

LLC Taxation

LLCs are taxed as partnerships or sole proprietorships by default, but can elect to be treated like corporations. Use the links below to find out more.

 

  • Taxation of LLCs and Partnerships
  • Tax Consequences of Contributions to LLCs and Partnerships
  • Tax Consequences of Distributions from LLCs and Partnerships

Nonprofit Taxation

The rules governing taxation of nonprofit organizations include pitfalls for uninformed nonprofit directors. use the links below to find out more. 

 

  • The Inurement Prohibition & Non-Profit Organizations
  • What is Private Benefit? Nonprofits Need to Know
  • Conflict-of-Interest: What Non-Profit Organizations Need to Know
  • Excess Benefit Transaction Rules for Nonprofits
  • Responsibilities of Non-Profit Officers and Directors

Primary Sidebar

Instant Fee Quote!

Use our free tool to get an instant quote on LLC formation and domestication. We'll also show you what what is included with the service.

GET QUOTE

LLC Law and Strategy

  • Using LLCs to Protect from Inside and Outside Liability
  • Maximizing Charging Order Protection for LLCs
  • Using the Holding Company Structure for LLCs
  • Leveraging the Manager-Managed Structure for LLCs
  • LLC Planning to Avoid Phantom Income
  • Using Spousal Consents for Community Property
  • Protecting Against LLC Veil-Piercing
  • Planning for Fiduciary Duties in LLC Operating Agreements

Texas LLC Law

  • Texas LLC Formation
  • Texas LLC Relocation
  • Texas LLC Operating Agreement
  • Texas Series LLCs
  • Texas LLC Law

Series LLCs

  • What are Series LLCs?
  • What to Name a Series of a Series LLC
  • Texas Series LLCs

Choosing the Right Form of Business

  • Corporation or LLC? Start with the Purpose
  • Why LLCs Are the Right Choice for Most New Businesses
  • LLCs for Real Estate Investment
  • Service Businesses and Self-Employed Individuals
  • High-Growth Tech Startups
  • The Wait-and-See Approach for Bootstrappers

Footer

Practice Areas

  • LLC Domestication and Conversion
  • LLC Formation
  • LLC Operating Agreements
  • LLC Law

Copyright © 2023 Fortenberry PLLC

Legal Notice: The information on this website is for general informational purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. Unless otherwise indicated in individual attorney biographies, lawyers are not certified by any certification board.