Comprehensive Financial Systems

Introduction: When you become self employed or start a new business, you must decide what form of business entity to establish. The basic categories include: sole proprietorship, partnership, C corporation, LLC (Limited Liability Company), and S corporation. It is important to discuss entity selection with both your attorney and your tax pro, before deciding what structure is best for your business. Each option offers advantages and disadvantages, so don't take the decision lightly. Every business situation is unique and requires a full study to make the most beneficial determination. Below are some of the advantages and disadvantages of the Sub S corporate structure, but do not just run with my ideas thinking you have found the best solution-- unless you are running straight to both your tax pro and your attorney to discuss further. Also remember, most attorneys (unless they are a tax attorney) do not know tax law backward and forward and a tax pro should not be sought out for legal advice. These are separate fields and both professionals have enough knowledge of the others just enough to be dangerous. With that in mind, call or email me to see if I can help with your choices. The smiles from my clients when I explain how I can reduce their taxes, organize and reduce their record keeping and show them how to increase their profits?