Incorporations
Do you the key differences between a Sole Proprietorship, Partnership, and Corporation? Let us handle the paperwork to get your business set up properly so that you can maximize your tax savings and mitigate your liability.
Sole Proprietorship
Sole Proprietorship business entities are designed for single-owner businesses and startups. They are the simplest of the business structures you can choose. In a Sole Proprietorship, you assume full legal responsibility for the business dealings.
Limited Liability Company (LLC or Ltd.)
Limited Liability Companies are organizations that can be treated as either a partnership, part of the owners tax return, or a corporation, based on the choices made during the filing. These entities are regulated by the states, and as such, vary in filing requirements.
C-Corporation
Organizing your business as a C-corporation allows it to function as an independent, tax-paying entity. The business claims profits, losses, and pays taxes directly to the IRS, rather than as a part of the owner’s tax return.
S-Corporation
An S-Corporation is considered a pass-through entity by the IRS. This means that taxes are paid by the owners / shareholders, rather than by the corporation itself. Trying to decide which kind of corporation is right for your business? Let us help.