Starting a new business? Want to make a smart decision about which business structure to choose?
Whatever entity type you choose may significantly impact the after-tax cash flow available to you, the level of your personal liability, and the deductibility of employer benefits.
In a consultation with one of our experienced accountants, we explain the federal and state tax requirements of the various options you have:
- Sole Proprietorship
- S Corporation
- Limited Liability Company (LLC)
Keeping your big picture goals in mind, we help you make an informed decision on how to structure your business. Additionally, we discuss some of the other important items related to new business formation including which method of accounting to use, what will be your tax year-end, and how you will finance the new venture.