Business Entity Decision

An S corporation is a unique corporate entity created by the rules of the Internal Revenue Code. Operating as an S corporation gives owners of the company both legal and taxation benefits. To qualify as an S corporation, the company may have no more than 100 shareholders, all of whom must be citizens or resident [...]

Deciding what type of business company structure is best for your small business can be as complicated as it is important.     Most business owners have two main goals when choosing a structure for their business: protecting their personal assets from claims and having the ability to have their business profits taxed on individual tax returns. [...]

When starting a business or changing the formation of your business structure, one of the most common options small business owners evaluate is whether to form an S corporation or a C corporation. These are the two most common ways to incorporate, and the choice will depend on your current and future business goals. C [...]

This is the question for a growing number of small business owners.  Determining whether to form an LLC, corporation, partnership, or sole proprietorship is always a key decision for the small-business owner. An LLC (limited liability company) is by far the most popular organization structure for small businesses with the exception of sole proprietorship.  The [...]

Just starting your business?  Have you selected the right entity?  Choice of entity is a crucial first step for business formation. The right decision can pave the way for success. The wrong decision may cause you unnecessary accounting challenges. It can also contribute to diminished returns or even your business’s failure.  In fact, choosing the [...]