Are you considering starting your own business?
According to data released from the U.S. Small Business Administration, hundreds of thousands of businesses are created in the United States every year. Every one of these new business owners must decide whether they want to operate as a sole proprietorship or whether they would prefer to operate the business as a separate entity. Then, they have to decide what type of business entity best serves their needs.
Over the following weeks, I will assist you in answering these critical questions by discussing the factors that business owners should consider in determining whether they should form an entity, and the differences that exist between corporations, S-corporations, partnerships, and limited liability companies (LLCs).
If you are currently going through this process, I would be happy to talk to you about the tax implications of forming a business and to refer you to a business transaction attorney to answer any legal questions you may have. Just send me an e-mail.
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