It is important to have the right legal structure of a business in order to protect the owner from personal liability from business creditors. In addition, a business owner’s tax situation is more complicated than that of an employee. However, there are ways to reduce this tax burden so that the owner can grow their business and increase their profits. With that in mind, we can discuss the advantages and disadvantages of different legal entities, such as corporations, limited liability companies (LLC), partnerships and sole proprietors. We can also work with your CPA (or if you do not have one, we can recommend one), to find the best tax structure for your business. If there multiple owners of a business, we can draft an agreement that will cover the important areas of the business operations, such as delegation of duties, how decisions are made and how an owner’s interest is bought out at retirement, death or disability.

 

 

Name:
E-mail Address: *
Subject: *
Message: *
Contact Form provided by SmartAddon.com