Business Consultation
Small businesses are created every day, by ordinary people like you and me. However, they may not know which type of entity to form. Should I be an S-Corp, a C-Corp, or maybe an LLC? Each entity has advantages and drawbacks. Some entities may impact your personal taxes. This may be a good thing, or it may not.
However, consultation does not end once the business is formed. Your business must remain in compliance with government agencies. You already know you have to file income tax returns, but what about sales taxes, property taxes, excise taxes, payroll taxes? Your business must remain in compliance with the Federal government, state government, and maybe even your local government. Proper consultation services are year-round and life-long for your business.
If you are thinking about forming a nonprofit, you not only have government agencies that you must report information to, but as a nonprofit, you also have your donors you are accountable to.
CPAs provide many services, but we can’t do it all. I, and CPAs like myself, maintain a network of professionals that we work with (lawyers, financial planners, insurance professionals, etc.). Why not have a team of professionals that can handle not only your financial matters, but that can uncover other areas of your life that you may be vulnerable in?
Let me sit down with you and discuss your goals for the business. Then I can best advise you on the type of entity that would be the most advantageous for you.