Optimal Business Structure

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S-corp vs. LLC decision

There are several main types of business entities that require federal tax filings. Partnerships, C-Corps, and S-Corps, and “disregarded entities,” such as LLCs. So, the following questions arise:

Which business structure is best for your business?
What deductions and/or strategies apply for each one?
Which is the quickest one that I can set up? What responsibilities do I have with each entity type?
What are the pros & cons I should consider?
What deadlines pertain to these?
Which structure is the least expensive to maintain?

Well, your decision depends on quite a few factors that are individual to your business, such as:

Do you have employees? If not, how many do you expect to have in the short term?
What industry are you in?
What cities, states or countries will you be doing business in?
How much do you expect to earn?
Various personal goals, long-term plans, and individual preferences

We will help you select & structure the entity type that makes sense for you. We can also assist on the following common questions:

How to pay yourself
Quarterly tax rules
Common mistakes
Bookkeeping best practices
Important deductions (including quite a few you may not know about)

Feel free to reach out should you have questions about these entity types. We can help you choose between them & even offer formation services.

Need help with Optimal Business Structure?

Call us today at (866) 656-8036, email us at hello@dimovtax.com, or fill out the form and we’ll get in touch immediately.

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