What Are The Different Types Of Business Structures?
When starting a new business, choosing your legal structure is one of the most important decisions you’ll have to make. The structure you choose will influence many areas of your business including your tax filing, your personal liability and your ability to receive funding. As a business owner, you can structure your business as a […]
It Is Your Business, How Should You Pay Yourself?
If you ask a tax advisor this question, you will probably get their favorite answer: “It depends.” They’ll tell you this because the structure of your business entity determines how income is reported for income tax, social security, and self-employment tax purposes. Entities formed as sole proprietor LLCs take distributions from their business as cash […]