Entity Structuring and Consulting
Structure Your New Business for Success
When starting a new business, it is important to consider the following:
- Asset Protection
- Limiting Tax Liability and Audit Risk
- Flexibility in adding or removing business partners /shareholders
- Shareholder Compensation
- Payroll Requirements
The Requirement to Maintain Corporate Minutes When you select an entity that best fits your situation and operating in a manner that is compliant with regulations, you may avoid costly tax planning mistakes. Selecting the correct entity type will depend on the nature and expected net income of your business.
Our knowledgeable staff will meet with you and take the time to discuss the important details of your business and assist you in selecting the most suitable entitytype.
Entity Structuring Services include but are not limited to:
- Creating of your entity with the Secretary of State
- Obtaining the State Business License
- Obtaining the Federal Tax Identification Number from the IRS
- Filing necessary elections, including the Election to be treated as a Sub Chapter S corporation
- Understanding the potential threats and opportunities relevant to your Company
- Selection of entity type based on activity, estimated income, and tax strategy • Consulting relating to the selection of accounting software
- Consulting relating to the procedures for depositing and disbursing funds.
- Providing guidance to ensure you are compliant with state, local, and federal tax laws regarding sales/use tax, payroll taxes
- Advising you with the filing of state and local licenses and permits
- Providing you with a Corporate Binder (Paperless and Hardcopy Versions)
Is Your Current Business Set up Correctly?
Do you currently own and operate your own business? If so, do you wonder if the current structure of your Company offers the best tax advantages? If you are unsure, we strongly recommend that you schedule a time with our team to provide a complimentary assessment of your situation. During our meeting, we will be happy to review your most-recently filed income tax returns and financial statements. We will also discuss your concerns/goals and tailor recommendations to help you improve the bottom line.
Whether you are in the process of starting a new business, or a seasoned owner, feel free to call our office to schedule a complimentary consultation.