Small business owners have multiple entity options available to them, including C corporations and pass-through entities, such as S corporations, partnerships and LLCs. The pass-through options provide legal protections and avoid double taxation, but also have other factors to consider. for instance, one entity, depending on its use, can be audited more frequently than others and can also cost up to 15% more in taxes. Make sure you understand the mechanics of each entity type to ensure you have the best option for your business.
We have many years’ experience working with small business owners to determine which form of entity makes the most sense for their business type. Feel free to contact any of our offices to to schedule a time to review your particular situation. visit www.jmrcpas.com for more details.
Written by: Doug Rodrigues