When starting a business or restructuring it, you must decide what form of business entity to establish. This is one of the most critical decisions business leaders have to make as it impacts many aspects, including taxes. The business structure you select will not only determine who will be taxed and how, but it also determines liability and recordkeeping,
SAT accounting & consulting, we understand that no single business structure meets everyone’s needs. Our professionals, provide objective, strategic and pragmatic advice to assist business owner’s in their decision making process.
Four basic business organizational structures:
- Sole Proprietorships
- Partnerships
- Corporations (C-Corp, S-Corp)
- Limited Liability Company (LLC)
Please note that if you do business in different states, you need to perform filings and registrations in order to operate legally in those states and pay taxes on revenues generated from operations in those states.