S Corporation Disadvantages

BUSINESS

CONSULTING

BUSINESS CONSULTING SERVICES

Our firm offers a variety of business consulting services that help business owners of all sizes make business decisions. They include business structuring, business organizations, business terminations, and more. With our expertise, you make decisions based on solid advice, reduce wasted time and avoid costly mistakes.

BUSINESS STRUCTURE CONSULTING

The issue of tax savings starts with how your business is structured. Certain business structures bear more advantages than others. These advantages aren’t just on the tax level but also in operations, management, liability, and capital. The business structure chosen affects all these areas and more and is highly advantageous to consult with CPAs to select the best structure for your business

Some of the most popular business structures are partnerships, S corporations, C corporations, limited liability company, limited partnerships. However there are many structures to choose from and consulting with a professional in selecting one is highly recommended.

Click here to sign up for a free consultation regarding business structuring

BUSINESS ORGANIZATION

Once a business structure is selected, putting it together is the next step and this is very involved and care needs to be taken to set things up correctly, especially in regards to liability.

Click here to sign up for a free consultation regarding business organization

ENTITY CURE

For businesses to be successful, tax compliance is absolutely imperative. The area of business tax compliance is vast and convoluted, indeed. There are different requirements from IRS to state level, to local level.  Tax compliance doesn’t start once your business is up and running, it starts before you even organize.

Click here to sign up for a free consultation regarding entity cure.

ENTITY MANAGEMENT

Once a business has been organized and putting together, it is now imperative to properly manage it in order to comply with entity regulations so as to not cause liability issues down the line. Such entity management depends on the entity selected, but for limited liability granting entities, and may include:

  • Convening a board
  • Regularly scheduled board/shareholders’ meetings
  • Taking meeting notes, aka minutes
  • Updating bylaws/operating agreements.

We have services to help business owners take care of these pesky tasks.

Click here to sign up for a free consultation regarding entity management.

BUSINESS TERMINATION & CLOSINGS

For organizations that require more than basic bookkeeping, we can be your outsourced accounting. We can serve you at the fraction of the cost it takes to hire an employee as well as the fraction of the time it take to manage and train them.  Click here to sign up for a free consultation