“C-Corp, S-Corp, L.L.C., Sole Proprieter….Which is the right choice for your business?”
As a business owner, one of the most important decisions you will need to make as you start your company is which type of entity you should form. You have multiple options and each type of corporation carries it’s own set of legal and tax consequences.
Unfortunately, there are no pre-determined answers for which type of corporation you should select for your business. For example, just because “XYZ Pest Control” is best suited as an LLC does not mean that your Pest Control business should be an LLC (Limited Liability Company).
This is a complex decision that should be discussed with a certified tax professional. It’s important to make sure you understand the possible tax ramifications of the decision. Your desires, needs, and characteristics of your business including partners and long term goals are just a few of the factors when deciding on which type of corporation to select.
