More tips about determining the right corporate, partnership or other structure that’s best for your business—and where you are in life. Key Takeaways:
- The legal structure of your business operations can have a significant impact on your annual income tax and estate planning.
- When you and/or your heirs expect to be at or near the maximum income tax rates, you will generally want to leave appreciated and appreciating assets in the taxable estate, rather than transfer them prior to death.
- In general, assets with the potential to appreciate in value should not be placed into an S or C Corporation.