One major benefit of an S Corporation for owners is that it provides limited liability protection regardless of tax status. Brian Jankowsky, counsel at Schiff Hardin and Olga Bogush, partner at Schiff Hardin, sat down with Wilmington Trust’s Chief Wealth Strategist Alvina Lo, to review other advantages of an S corporation and what you should consider before making an election.Download Transcript >Please see important disclosures at the end of the video.
Financial experts weigh in to help guide business owners if sales, supply chains, spending, hiring, and planning are negatively affected by the COVID-19 pandemic.Survey reveals deterioration of national economic sentiment from 78% to 48% within one week.81% of survey respondents have experienced direct or indirect impacts on their business due to the virus outbreak.83% view the outbreak as either a “serious” or “extremely serious” threat to the global economy.
Wilmington Trust’s Deputy Chief Wealth Strategist Drew Horwitz offers timely planning advice to business owners at the 54th Annual Heckerling Institute on Estate Planning. Watch his conversation with Susan Lipp, editor in chief of Trust & Estates magazine, on the importance of planning early while still running a successful business. Please see important disclosures at the end of the video.