Business & farm

I will also advocate getting some professional input on any change.

Not good to just knee jerk because the tax rate "appears" lower.  Keep in mind that tax laws change annually.

Additionally, long term, the S corp builds up basis in your investment which could lead to less tax upon disposition.  Also the ability to take out tax-free distributions to the extent you have basis AND are taking a reasonable salary.

 

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.