Additional Advantages of the Corporation

The limited liability a corporation provides is a vital reason to incorporate, offering numerous benefits that may not be available through other business formation structures:

• Corporations commonly enjoy lower tax rates than individual taxpayers. Employees can participate in corporate profits and defer income in corporate retirement plans.
• Social Security payments are 50% tax deductible for a corporation.
• Tax brackets and rates can be split among multiple corporations.
• Shares in a corporation can be donated to maximize deductible charitable contributions.
• A C corporation can be owned by trusts, limited partnerships, LLCs and other protective entities.
• The income and losses of one corporation can be frequently combined with those of other corporations to reduce overall income taxes.
• Certain tax-deductible benefits are available exclusively through a C corporation.

The advantages of incorporating are significant—but the LLC structure can provide all of the corporate advantages—and more—that are not delivered through the corporate structure.

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