Legal & Regulatory Issues

Is Now the Time to Convert from an S Corp to a C Corp?

Its common practice at accounting firm Baker Tilly Virchow Krause, LLP, to assist privately held distributors and other corporate clients with what the firm calls walkaway cashflow modeling, where they evaluate how the client would fare in a hypothetical sale situation. Modeling different scenarios allows the executive team to plan for the future and improve forward-looking strategic decision making.

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August 9, 2019

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It’s common practice at accounting firm Baker Tilly Virchow Krause, LLP, to assist privately held distributors and other corporate clients with what the firm calls “walkaway cashflow modeling,” where they evaluate how the client would fare in a hypothetical sale situation. Modeling different scenarios allows the executive team to plan for the future and improve forward-looking strategic decision making. That’s especially been the case in the last year and a half in the wake of Congress passing the Tax Cuts and Jobs Act (TCJA) in December 2017. The legislation cut corporate tax rates and…

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