Polly Sunda’s Post

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Partner at Axley & Rode, LLP

Operating your small business as a Qualified Small Business Corporation (QSBC) could be a tax-wise idea. QSBCs are the same as garden-variety C corporations for tax and legal purposes, except QSBC shareholders are potentially eligible to exclude from federal income tax 100% of their stock sale gains. That translates into a 0% federal income tax rate on QSBC stock sale profits! However, you must meet several requirements set forth in the Internal Revenue Code, and not all shares meet the tax-law description of QSBC stock. Other rules apply. Consult with an Axley & Rode advisor if you’re interested in operating your business as a QSBC. Read more on our blog: https://bit.ly/3SBn2id

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