Choosing a Business Type

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S corp or LLC ??

That is a great question to ask when starting a business…

If you’re confused about which business structure is best for your venture, you’re not alone.

It’s quite complex, and your choice can have a significant impact on your finances.

For example:

Choosing an S Corporation…

✔️ Can lead to potential tax savings and has limited liability protection

But it has stricter eligibility and limitations on shareholders

 

Choosing a Limited Liability Company…

✔️ Has no ownership restrictions and limited liability protection

But it has varying state regulations and possible self-employment taxes

 

And that’s before you start looking at all of the other options too!

Choosing the right business structure is like laying a solid foundation for building a successful business.

And as we all know, “You can’t build a great building on a weak foundation.”

Luckily, however, there are many financial professionals who can help 💡

They can identify your goals, explore your options, and help you select the best structure that aligns with your vision. 

I’ve helped many businesses with choices such as these which has helped them save tons of money on taxes.

So if you want to make an informed decision on your business structure, reach out today – we can help!

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