In California, professional corporations can elect to be taxed as either a C corporation or an S corporation. This article explains some of the ramifications of this choice, and points out that making the election to be taxed as an S (pass-through) corporation tends to (but does not always--you should always check with your attorney) provide the most tax savings for the members of a California professional corporation.
- Summary by FizzLaw Team
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Should Your California Professional Corporation Elect To Be Taxed As An S Corporation?