President Trump signed the "Tax Cuts and Jobs Act" into law on Dec. 22. The Senate passed the bill on Dec. 20 by a party-line vote of 51 to 48
MKG Enterprises Corp is now officially a C-Corp for 2018
Advantages of a C Corporation
Offer unlimited growth potential through the sale of stocks, MKG Enterprises Corp can attract some very wealthy investors. Plus, there is no limit to the number of shareholders a c corp can have.
Limited liability. This applies to directors, officers, shareholders, and employee
Perpetual existence. Even if the owner leaves the company.
Enhanced credibility. Gain respect among suppliers and lenders.
Unlimited growth potential. The sky's the limit thanks to the sale of stock.
No shareholders limit. However, once the company has $10 million in assets and 500 shareholders, it is required to register with the SEC under the Securities Exchange Act of 1934.
Certain tax advantages. Enjoy tax-deductible business expenses
Corporate tax rate is now 21% from original 35%