New Business Formation
Starting a new company is an extremely exciting time. There are ideas abound and a seemingly endless stream of decisions to be made. One of the most important decisions an entrepreneur will make is entity selection. There are a number of corporate structures designed to provide business owners with the most tax-efficient vehicle for managing the company, including sole proprietorship, S-corporation, C-corporation, limited liability company (LLC), and partnerships. All of these offer benefits and comparative disadvantages that need to be carefully considered before submitting the required filings to the IRS.
R&H Financial has significant experience working with and advising business owners in choosing the right entity that will meet their needs and minimize their taxes for years to come. Our team understands the various rules and filing requirements that must be met depending on the selected entity structure, as well as the tax consequences of each. We work closely with our clients to understand key facts about the new business and establish how each factor should be weighted in making this decision.