Facts & Stories
Many newly established companies throughout the US today, are small and medium businesses owned by Italian citizens, green card holders and naturalized Americans of Italian origin. In the first of a series of articles aimed at providing expert advice to Italians about doing business in the US, Joe Molloy, CPA at Grassi & Co., tackles a very hot issue today, namely: “Should you choose S Corp or C Corporation Status for your business? And, given the recent modifications of the tax law, which features many new advantages for C Corps, should you convert your S Corp to C Corporation status or stay put?” Since the deadline for conversion is March 15th, this is a very sensitive matter for all those interested.