At Sun Accounting Services, our goal is to assist you in making the best decisions for your new company from inception. Selecting the best structure for your business type is one of the primary decisions you will have to make, and it’s an important one. The business structure you choose affects your tax liability and financial obligations going forward.
Since new businesses can choose from a number of different suitable corporation options, we will take the time to consider each option and assess its benefits and disadvantages for your business before suggesting the most suitable business model for your new company.
New companies are most often registered as one of these six business structures:
If your business is already registered as a sole proprietorship or general partnership, there are some incorporation options we can help you explore. Sun Accounting Services can assist you throughout the review of company's structure or the process of forming a new corporation.
As mentioned above, each business structure has its own advantages and drawbacks associated with it, and depending on the unique conditions of your business, can be beneficial or detrimental to your company. Since the IRS gives corporate entities tax benefits that are not available to small business, it’s important to properly review the options that are right for your business and ensure you are properly positioned to take advantage of all the tax benefits possible.
Whatever your current business situation, Sun Accounting Services will take the time and care needed to discuss the applicable tax and legal implications. We will help you carefully evaluate your business and determine the type of structure most suited to your business needs.
Please call us today for a FREE consultation at 561.504.6075 or send us an email to set up a consultation.