Gunster shareholder Brian Sparks recently recorded a podcast for The American College of Trust and Estate Counsel Foundation along with Stacy Eastland from Houston, Texas. The podcast discussed the rigidity and flexibility of different business entities.
The federal income tax regulatory rigidity versus flexibility of operating a business can vary greatly depending on the form in which the business is operated: limited liability company, partnership, C corporation, S corporation, and so on. These different types of business entities have come and go in terms of popularity for estate planning and business planning purposes. The podcast explains more about how these different types of entities have evolved in terms of how the government goes about regulating them.
Brian Sparks is a dual-board certified wills, trusts, estates, and tax law attorney whose practice includes tax, estate, asset protection, and privacy protection planning for wealthy individuals, business executives, professionals, and closely-held businesses, as well as tax controversy matters against the Internal Revenue Service and probate and trust litigation.