We have long argued that the American economy benefits from allowing entrepreneurs multiple business forms from which to choose.
Each business has its own unique capital, management, governance, and transition challenges, and allowing those businesses to choose between C corporations, S corporations, LLCs, partnerships, and sole proprietorships enables them to pick the structure that best suits their needs.
New data from SNL Financial focused on banks suggests entrepreneurial choice may also contribute to a bigger economy. As described in American Banker:
The return on assets at the median S corp has consistently outdistanced the median for C corps by a wide margin over …