Hi WCI et al,
I'm a mid-career physician in private practice currently employed and compensated close to $500K (all via W-2). Would it be beneficial to convert to an LLC given the new tax reform proposal which will reduce corporate taxes to 21% (I recognize that legislation hasn't been finalized). I know that physician self-incorporating often found it to be a "wash"/loss for the work and trouble of self-incorporation, but I suspect many are now contemplating this strongly with the pending legislation. What are your thoughts?
Thanks
-HCD
I'm a mid-career physician in private practice currently employed and compensated close to $500K (all via W-2). Would it be beneficial to convert to an LLC given the new tax reform proposal which will reduce corporate taxes to 21% (I recognize that legislation hasn't been finalized). I know that physician self-incorporating often found it to be a "wash"/loss for the work and trouble of self-incorporation, but I suspect many are now contemplating this strongly with the pending legislation. What are your thoughts?
Thanks
-HCD
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