Wondering how the services of a small business CPA can help your business expand and become more profitable? Did you begin operations as a sole proprietorship and are finding that the business is outgrowing its original structure? When considering what type of entity your business should be, many factors must be considered. The potential impact on tax burden is one of the most important factors for businesses. Many small business enterprises find that using the assistance of an experienced CPA to determine if they should form a Limited Liability Company (LLC), a S Corporation or other type of entity is the best way to proceed. The experienced accounting professionals at Pisenti & Brinker LLP will be happy to guide you through the entire process of entity selection to best align your goals and operations.
The Difference Of S Corporation and LLC Status
How does S Corporation or Limited Liability Company (LLC) status differ from other potential corporate structures, and what are the pros and cons? A small business CPA can explain the options in more depth to help you select the most advantageous entity type. A small business CPA can help you determine how to offer and distribute shares of your S corp. In most cases, the federal corporate profits and losses are passed along to the individual shareholders and taxed as personal income.
If you would like to discuss the tax advantages of different business entities, and experienced small business CPA at Pisenti & Brinker LLP would be happy to guide you through the process. Contact us today to set up an appointment for your initial consultation.