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BUSINESS STRUCTURING

Your business, just like your home, needs a firm foundation.
How you structure your business, from the type of entity you choose to your internal organizational chart, is pivotal to its growth and stability.

The entity effects your tax liabilities and how much of your personal assets are at risk. And the internal structure effects day-to-day operations; who does what.

Combined, those two decisions allow you to build a business that serves you and one that can withstand the ebb-and-flow of the economy.

WE ARE YOUR FINANCIAL ARCHITECTS!

We can help you determine if your current corporate legal structure and your internal operational structure are protecting you from unnecessary tax liabilities while providing you with the indispensable time needed to grow your business.

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CHOOSING A CORPORATE STRUCTURE

When starting a business, the legal structure you choose is arguably one of the most important decisions you will make.

Your legal structure impacts how much you will pay in taxes, your personal liability, and your ability to obtain outside funding.

Choosing and implementing a legal corporate structure requires two professionals – an accountant and an attorney. Whether you’re launching a new business or have an established company, we can help you determine the best corporate structure for your business and can guide you in partnering with highly qualified attorneys to help advise you on and file the necessary legal documentation.

WHICH ENTITY IS RIGHT FOR YOUR NEW BUSINESS?
DO YOU HAVE THE RIGHT ENTITY IN PLACE FOR YOUR GROWING BUSINESS?

LLC / SOLE
PROPRIETORSHIP

S or C
Corporation

PARTNERSHIP

SINGLE OWNER
COMPANY

In our twenty-five years of experience, we have developed comprehensive business structuring checklists to ensure our clients are not missing key decisions when choosing the right corporate entity and that all documentation is addressed to ensure corporation and tax compliance.

CORPORATION AND ENTITY PLANNING

Current entity choice – is it efficient?

If entity already setup, how does the client take money from the company?

How much does the owner need to take from the company for personal living?

What is their typical profit model? Range of profit?

Is there a plan to add equity owners in the future?

CORPORATION AND TAX DOCUMENATION

Is there an updated Corporation/LLC records book?

Are all policies for officer documented in the Corporation/LLC records book and/or minutes?

What written documents exist for partners? Partnership or Buy/Sell agreement? Shareholder cross purchase agreements?

Are all tax reporting numbers current and compliant?

When working with our clients, we help them answer important questions they may or may not know to ask.

  • Will my entity be able to “stand up” on its own?
  • What does it mean to be an officer/ governor/ member/ shareholder of a Corporation/LLC?
  • What is a “Personal Guarantee” and Why does it matter?
  • What needs to be switched over to the Corporation/LLC name?
  • What types of ongoing documentation do you need to keep with the Corporation/LLC?
  • How do I separate “business stuff” and “personal stuff” for liability protection with the Corporation/LLC?
  • What tax forms need to be filed with the Corporation/LLC?
  • What are the due dates for the tax forms?
  • What are the “quarterlies” people talk about?

HOW YOU STRUCTURE INTERNALLY IS JUST AS IMPORTANT AS YOUR ENTITY.

Spend your valuable time working ON your business – not IN your business.

Having the right business model in place frees up the owners’ time to work on business leadership and the key business functions outside of operations. It means have the right people handling the right tasks.

Far too many business owners spend the greater portion of their time on internal operations. This suffocates not only their energy, but their business potential.

When you have a healthy firm structure, you have a team that can manage the day-to-day operational services which offers you more partners valuable time to spend on sales, marketing, relationship building, and development of your products & services.

Recommended Firm Structure

From deciding which corporate foundation is right for you to build upon to designing an organizational chart that makes sense we have the expertise to guide you in building a business that has every opportunity for success.