Choosing the right business entity is an important part of tax planning. Our professionals are very knowledgeable about every entity type. How you structure your company may make the difference between how much Social Security and Medicare you pay on your business profits, how much tax the business pays, whether or not you can take business losses on your individual 1040, and how all the different business entities work together.

It is very easy to begin a business or start some business entities, but it can be very difficult to change entity types and to end a business. Such actions may cost significant legal and accounting fees and may create a sizable tax liability. By working with us and planning many things before a business opens, many costs, frustrations, and tax liabilities may be avoided.

If your business has already opened, there are ways to change a business to achieve what the owner wants. Talk to our professionals to find out what you can do.

For learn more about the different business entities or to find out how to reduce your taxes by using entity-structure, please call us at 651-689-4789.

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