How do I choose the entity that is right for my business?
Choosing the right entity is one of the most important decisions facing a person starting a businesses. There are several choices, each of which generates different legal and tax consequences. Every situation is different and there is no single form of entity that is appropriate for every type of business owner.
Choosing the appropriate form of entity in which to operate a business is a complex decision which depends upon many factors, including the owners' needs and desires and the particular characteristics and needs of the business in question
A person choosing an entity must consider:
The choices primarily are as follows:
As your adviser we can help you make the right choice based upon the needs of you and your business. Ensuring the right decision is made before the business starts its operations can save you time and money down the road.