In a pass through entity, the corporate entities don't pay taxes. Instead the owners of the business pay them. A restaurant is a "pass through entity."
Question: In a restaurant, what is the difference between the "corporate entity" and "owner"?
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Thank you for providing a clear response!
MLPs/partnerships, LLCs and trusts are the most common forms of flow-thru entities. These are distinct from corporations for a number of legal reasons, most significantly that corporations are standalone legal entities existing apart from their ownership roster and through which creditors and other stakeholders in the entity cannot lay claim in order to get at the assets of the partners/members/settlors.
New pass-through businesses tax proposal (Originally Posted: 09/27/2017)
What are the different ways this proposal will change and help LLCs and businesses focused on real estate assets? Please excuse my ignorance as I'm seeing conflictive things when I research it online. Please keep in kind I am refering to the effects this has on about "smaller" entities and not large institutional-sized interests to this matter. Thanks guys.
Did you see this article? There is allot of information out there and it can be difficult to parse through the political narrative to get to the facts. Hope this helps in some way.
https://www.inman.com/2017/09/27/trumps-tax-reform-plan-is-a-mixed-bag-…
Pass/Flow Through Taxing (Originally Posted: 06/09/2017)
Why/how are restaurants an example of flow through taxing? Is there a difference between the "owner" who pays taxes and the "corporate entity" who is not obligated to pay taxes here?
Reference: paragraph 9: http://avc.com/2010/02/corporate-entity/
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