I have a Corp. Its a pia and I wish I had never seen it. It splits resources so neither entity is fully funded for competition. As a result we wound up with land owned in the corp, interviewing a new attorney I was asked who the dumb a$$ was that did that?; that would be me. Asked why, the simple answer was that was where the cash was. Yes, we have saved on taxes over the years (mostly se) but if dissolved all the benefits will be paid.

The ONLY good thing about a corp is the ability to transition from one generation to the next, however, it always needs to be valued assuming a significant tax liability if dissolved. Some interested family members may/do not understand what that implies creating hard feelings. I would not do it, I have explored dissolving it or turning to S corp but neither appears to be a good idea particularly in todays environment. BUT, with all the talk of reducing corporate tax there is hope.

Simplified tax; fed is 50000< 15% 50-75000 25% 75000> 35% No bargains there and the states do not recognize section 179 equally.