Optimal Business Structure

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?

• 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

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