{"id":12352,"date":"2011-12-22T02:23:40","date_gmt":"2011-12-22T07:23:40","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/machinery-and-equipment-appraisal-for-c-corp-to-s-corp-conversion\/"},"modified":"2022-12-28T01:56:35","modified_gmt":"2022-12-28T06:56:35","slug":"machinery-and-equipment-appraisal-for-c-corp-to-s-corp-conversion","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/machinery-and-equipment-appraisal-for-c-corp-to-s-corp-conversion\/","title":{"rendered":"Machinery and Equipment Appraisal for C Corp to S Corp Conversion"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>The new year is almost upon us, and you may be considering incorporating your business in 2012. When making this decision, you\u2019ll have to determine whether you\u2019ll classify your business as a C corporation or an S corporation, which may also be known as a subchapter S corporation. The way you classify your corporation will impact the way it is taxed. C corporations pay both state and federal taxes on earned income, and the corporation\u2019s shareholders pay taxed on dividends earned, which is called double-taxation. In an S corporation, the business itself pays no income taxes, but the business owners, or the shareholders, pay taxes on the company\u2019s profit.<\/p>\n<p>A C corporation could realize significant tax savings by converting to an S corporation. Of course, any major decision like that should be discussed with a <a href=\"https:\/\/nebbinstitute.wordpress.com\/2010\/07\/01\/why-accountants-need-a-cmea\/\">tax advisor<\/a>. When considering the merits of C corp to S corp conversion, your accountant will consider the value of your business, which includes all business assets. Before\u00a0 completing the conversion, business assets, including machinery and equipment, must be appraised by a <a href=\"http:\/\/www.nebbi.org\/\">certified appraiser<\/a> so that there\u2019s an accurate record of the corporation\u2019s value on file.<em>\u00a0<\/em><\/p>\n<p><em>The <a href=\"http:\/\/www.nebbinstitute.org\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/em><\/p>\n<p>By: <a href=\"https:\/\/www.certitrek.com\/nebb\/\" target=\"_blank\" rel=\"noopener\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The new year is almost upon us, and you may be considering incorporating your business in 2012. When making this decision, you\u2019ll have to determine whether you\u2019ll classify your business as a C corporation or an S corporation, which may also be known as a subchapter S corporation. The way you classify your corporation will [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[236,88,237],"class_list":["post-12352","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-appraise-business-assets","tag-business-valuation","tag-c-corp-to-s-corp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Machinery Equipment Appraisal for C Corp to S Corp Conversion<\/title>\n<meta name=\"description\" content=\"When considering the merits of C corp to S corp conversion, your accountant will consider the value of your business, which includes all business assets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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