June 26, 2018
Long Island Business News quoted Tax & Business Services Partner Robert Spielman in a column about common mistakes made by small businesses.
By Bernadette Starzee
Featured: Robert Spielman, Partner, Tax & Business Services
Excerpt:
For instance, "if you're looking to develop the business and sell it within five or six years, you may be better off being a C corporation as opposed to a pass-through entity," Spielman said. "You can get the advantage of qualified small business stock under IRS section 1202," for which individual owners do not pay taxes on the first $10 million (per person) of gain upon disposition.
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