It’s important that you determine the right structure for your business in order to maximize profitability yet minimize your taxes. We assist you in determining the appropriate entity that will work for you and your business and that will be applicable for your business long-term.
Our incorporation services make sure that you are compliant with the proper taxing authorities. Our business planning services also help you to meet your business goals and objectives. As a Quickbooks Pro Advisor we will set you up on Quickbooks and design your chart of accounts that will keep you on track as you make your business goals a reality.
Startups For Small Businesses
Call us for a free initial consultation so that we can discuss:
- Selecting the right entity
- Strategies for effective tax planning
- Business planning and forecasting
- QuickBooks™ setup and support
Common Forms of Incorporation
We will discuss and help you to determine which one of the following business entity selections is right for you. Our years of experience and the numerous entities that we set up gives us the knowledge that we need to help you to proper structure your business. It takes knowledge to understand the tax consequences of each business structure and help you to make the best decision for your business goals. Call us at (404) 761-6501. For a free initial consultation, contact us today.
Limited Liability Corporation (LLC)
An LLC separates the company’s assets from that of its owner. Using this form also separates the owners’ assets from the debt and liabilities of the company. In this way the owners are not responsible for the financial obligations of the business.
This is called “pass-through” taxation. The members report the income and deductions of the LLC on their personable income tax returns.
C Corporation
There are benefits to structuring as a C Corporation but one drawback is that the business is taxed on profits at two different points (double taxation). First when the profits are earned and again when the money is distributed to shareholder’s as dividends. One positive feature is that the owners are not held personally liable for the financial obligations of the business.
S Corporation
S Corporations are similar to C Corporations in a number of significant ways except that they are only taxed on the profits once. The company itself does not pay taxes but the income from the company is passed through to shareholders and they are required to report any income from the business on their own personal tax returns.
