INCORPORATION OF BUSINESS

If you are thinking of starting a new business, there are just a few questions you may want to ask yourself first. Here are a few:

What type of business are you interested in starting?
What skills and experience do you have that are useful and could be applied in a business?
What type of Business Entity is best for me? CLICK HERE FOR TYPES
How do I start my company?
How much will it cost to start?

WE CAN SHOW YOU HOW

Every year Accountant and Management, Inc starts over 100 businesses for clients and customers. Many of these clients are existing clients that choose us because we are honest, reasonable, and most importantly, we understand tax.

Choose the Business Entity That Best Fits Your Business**

Depending on your financial status and type of business you are starting, it is important you choose the right type of Business Entity.

Genereal Partnership
Limited Partnership
S Corporation
Limited Liability Corporation (LLC)
Limited Liability Partnership (LLP)

Brief Advantage Points Of Each

Partnerships:

From a tax point of view, partnerships offer the most flexibility.
Items of income and expense can be specially allocated. However, all trade or business income earned is subject to self-employment tax.
In a general partnership, or even a limited partnership, an owner can refer to him or herself as "Partner".

S Corporations:

All items of income and expense must be allocated equally to all shareholders.
Can distribute a portion of its income to its shareholders without being subject to self-employment tax.

Limited Liability Companys (LLCs):

There are no "partners", but only "members." (So if you like introducing your co-worker as your partner rather than as a member, an LLC might not work for you.)
In an LLC, no one faces personal liability and you get to pass through the income or losses to the members just like a general partnership.