At the Law Office of Anthony W. Greco, we understand the stress and life altering
circumstances that individuals and companies often deal with when facing business disputes.
That is why it is important to have an attorney who has extensive experience in choice of entity
issues as well as other business law matters, and who can provide counsel and advice in an
understandable, practical and effective manner.

A C-corporation is an entity that is taxed separately from its shareholders. It is
subject to double taxation, which means that the corporation is taxed on its (1) net taxable
income, including retained earnings, and (2) payments of full or partial dividends. A C-
corporation, however, can be taxed at a lower rate than a business owner in a different corporate
entity considering the amount of the corporation’s taxable income and an individual’s tax
rate. Additionally, shareholders in a closely held corporation normally receive payments
that are deductible to the C-corporation, such as wages, rents, fringe benefits, and deferred
compensation. Today, owners of closely held corporations can plan to eliminate or minimize

double tax problems. There are a host of other factors regarding a company’s converting to and
out of C-corporation status that must be addressed with precision planning.

The Law Office of Anthony W. Greco is committed to providing each and every Client
with professional, aggressive and practical representation, while being sensitive to the Client’s
unique concerns and goals. With more than 18 years of experience, our firm is equipped to deal
with all issues involved in business formation matters. Everything from transactional needs to
corporate litigation, The Law Office of Anthony Greco is prepared to aggressively represent its
Clients’ concerns and interests from the first day of representation for business planning through
the dissolution of a corporation.