Choosing Your Business Entity
One of the most important decisions that a business owner will make is choosing
what type of entity to operate as. A business can operate
under five different forms(or entities).
Five Types of Entities:
- Sole Proprietor
- Partnership
- Corporations
- Associations
- Limited Liablility Company (LLC)
The decision that you make will affect how you are taxed and plays major roles
in management, owner liability, ability to raise capital,
and the liquidation process. As your business changes
it is also possible to change your form of entity.
This could be simple or a very complex. By making an
initial informed decision you can save a lot of time
and expense.
Understanding both the tax consequences and the operating procedures under each
form of organization is vital in the succeess of you
as a business owner. R.E.J's can provide you with an
excellent source of information regarding entity considerations
for your specific situation.
If Interested Contact us
734.284.8833
e-mail
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