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Small business owners have multiple entity options available to them, including C corporations and pass-through entities, such as S corporations, partnerships and LLCs. The pass-through options provide legal protections and avoid double taxation, but also have other factors to consider. Make sure you understand the mechanics of each entity type to ensure you have the best option for your business.

We see so many new business owners shoot themselves in the foot by not knowing the ramifications of the business entity they choose with little advice or counsel. Just because you can register with the secretary of state for $50 does not mean that your choice of entity is that simplified. Invest in your business success by getting professional advice up front and when you need it if you are serious about your vision of business success.

We offer comprehensive services for businesses, including entity selection and implementation for reasonable rates that will save in time, money and frustration in the future. Recognize that you do not know everything about running a business, as most people don’t, and fuel your progress with sound financial, business and tax advice.

Post Author: Tricia O'Connor CPA MBA