The most common mistake we find in preparing tax returns is that the owner chose the wrong entity structure because they attended a seminar, friend told them, or decided to do it him/herself. However, they failed to fully understand the tax implications, accounting method, payroll, bookkeeping, or taxation of personal income.
Entities are separate entities from the individuals who own or operate it: and its organization and operation procedures are governed by very specific state laws. A CPA’s advice on the best suited entity structure for your business will save you hundreds of dollars by doing it right the first time. We can help you incorporate or form an LLC in any State.
Benefits of forming a Corporation or LLC are:
- limited personal liability
- major tax savings
- professional credibility
- audits are unlikely
- capital is easier to raise
- privacy
- income control
- potential tax deferral
- shareholders meetings in exotic locations
- asset protection
- wealth creation
- stability
- establish corporate credit
Entity Structuring Package Includes:
- file articles of incorporation & pay fees
- provide corporate kit, seal & stock certificates
- provide initial minutes and bylaws
- file notice of transaction & pay fees
- file statement of information & pay fees
- obtain federal identification number
- file California DE-1 if needed for payroll
- file 2553 sub-chapter S forms with IRS
- provide stock ledger
- provide banking package
- provide stock ledger
- provide banking package
- provide excellent customer service