Own a business? Find the best structure
Tax reform had a big impact on businesses, creating a tough choice for owners. Corporate tax rates got cut from 35% to 21%, making incorporation a less expensive option for business owners. Yet pass-through entities like partnerships and LLCs also got a tax break. Taxes are only one element of whether one form of business is better than another, but every dollar you save in tax is another dollar to invest into making your business a success.