The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.—that you select for your business has enormous financial and tax implications.
Each business possesses distinct qualities, and every organizational structure it adopts comes with its own set of benefits and disadvantages. The choice should be tailored to the specific requirements and capabilities of the business, focusing on factors such as tax consequences, reporting obligations, and protective attributes associated with each alternative. Our advice supports entrepreneurs in making a well-informed and confident decision.
We will help you choose the best business entity based on your tax objectives:
- Corporations:
- S Corporation
- C Corporation
- Partnerships:
- Limited Liability Partnership (LLP)
- Limited Liability Company (LLC)
- Sole proprietorship