TUnder recent tax legislation, the C corporation tax rate was reduced from 35 percent to 21 percent and owners of flow-through entities are allowed a new deduction for qualified business income generated by the entity. Going forward, how do you expect the percentage of each entity type to change, if at all, under the new tax system? It is likely we will see a shift toward C corporations as the entity of choice?

Under recent tax legislation, the C corporation tax rate was reduced from 35 percent to 21 percent and owners of flow-through entities are allowed a new deduction for qualified business income generated by the entity. Going forward, how do you expect the percentage of each entity type to change, if at all, under the new tax system? It is likely we will see a shift toward C corporations as the entity of choice?

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