New Business Entity Planning
The American Dream for many is to own a business. This dream can turn into a nightmare rather quickly if the initial planning is not done properly. The type of entity is very important for many economic, business and tax reasons including how to minimize risk. Whether you choose a sole proprietorship, partnership, LLC treated as partnership, C or S Corporation, etc. it is important to know the reasons why in conjunction with your short, mid and long term business plan. Thus, as part of starting a new business or re-evaluating an existing business, one must incorporate strategic planning at a minimum.