Entity Selection and Restructuring
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Walls & Associates can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Typical business structures are:
- Sole Proprietor
- Partnership
- Limited Liability Company (LLC)
- Limited Liability Partnership (LLP)
- Corporation
- S Corporation
The tax team at Walls & Associates can help navigate these options from company inception through growth and development. Our professionals explain the benefits and drawbacks of each entity type and the tax impact on both ownership and the business itself. In addition, we also work with companies on entity restructuring and related analysis.
When you are ready to purchase an existing business, or you’re thinking about a new company, you’d like to start here in the Tri-State area, you first must decide which type of organization (or “business entity”) is the right one for your business. There are advantages and disadvantages to each business types, whether you’re considering a C corporation, an S corporation, or an LLP.
At Walls & Associates, LLP our accountants will consult with you on which type of business is most beneficial to your particular situation before you make a final decision. Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Walls & Associates can advise you on choosing an entity type and later restructuring if doing so presents an advantageous situation. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
If you are looking for a blend of personal service and expertise, you have come to the right place! Walls & Associates offers a broad range of certified public accounting services for business owners, executives, and independent professionals. Our rates are affordable, and we are experienced and friendly. Please CALL US today at 304-390-5971 or SCHEDULE A CONSULTATION for an initial consultation.
