Business Entity Selection

Choosing the type of entity for your business (sole proprietorship, partnership, corporation, or limited liability company) is a crucial decision that can have long-term economic and tax implications, positive or negative. For example, limited liability companies, taxed as partnerships, work well for real estate holding companies. For manufacturing companies, corporations or limited liability companies (taxed as corporations) are often chosen. Finally, the decision as to whether a corporation should make an "S-election" varies from business to business. With our experience with hundreds of small businesses, we can help you determine the most advantageous type of entity for your business.