S corporations: are they still the way to fly? (includes related article)

Crain's Cleveland Business | April 11, 1994| | Copyright

To C, or not to C -- that is the question. And a lot of business owners are asking it these days.

They want to know whether it is nobler to change the status of their company from an S corporation to a C corporation, and thereby pay lesser corporate tax rates on earnings, or to suffer the slings and arrows of higher individual tax rates on what the government deems to be outrageous fortunes.

"That question has popped up a little more in the last year; People definitely need to take a look at it," said Gregory Skoda, managing partner of the Mayfield Village ...

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