As an entrepreneur, choosing how you will operate is the first important tax strategy. There are 7 major entity choices, each has advantages, disadvantages, risks & rewards that can affect your long-term success. The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications. It is important that you make the right decision. We can explain each choice and its implications. As your business grows and changes, the type of business entity you choose may need to change also.
Not sure which one to choose? Schedule an appointment with us!