In some cases, LLC members may be willing to accept a double taxation burden in exchange for the other possible benefits of being taxed as a C corporation. For example, C corporations also have the widest range of possible tax deductions, including the ability to deduct employee benefits. ...
- Lifetime: 44 years When Family Video finally went out of business in 2022, it was thelast remaining brick-and-mortar media retail chainin the country. Located primarily in more rural towns and mid-sized cities, initially to avoid competition with Blockbuster, the company had managed to surv...