|Event Date||Thu Aug 5 EDT (11 months ago)|
Should your bank revoke its S corporation status in light of President Biden’s proposed tax changes?
During this we address:
• The effect of Biden’s proposed tax changes on S corporations.
• Whether revoking your bank’s S corporation status is beneficial to your bank.
• Ways to provide alternative returns to your shareholders instead of S corporation distributions.
• A status change is a major decision. Your bank must consider its strategic plan as well as drivers for growth in the current economy. Review your options so your shareholders continue their income stream while retaining earnings for your bank’s growth.
Associate, Hunton Andrews Kurth
Heather Archer Eastep
Partner, Hunton Andrews Kurth