Choice of Entity Selection

There are several issues to consider when building a business including facility acquisition, process creation, production demands, employee management and new customer development. However, there is one important tax decision that needs to be made immediately– choice of entity selection. There are a number of business structure options available to provide owners with the most efficient business and tax structure possible. They include limited liability companies (LLC), limited liability partnerships (LLP), S-Corporation and C-Corporation. Each offers benefits and disadvantages that must careful be evaluated prior to making a decision.

With significant experience working with Georgia entrepreneurs helping to select the optimal entity structure, we understand the tax reporting requirements, legal issues and compensation strategies associated with each. We work closely with each client to understand their company including the number of owners, level of needed protection and investment structure. These variables combined with personal financial information are necessary when identifying the correct entity type.

Selecting the right entity structure is essential to the health of the new business. To understand the differences between the options and tax impact of each, it’s essential to work with a provider who can guide you through the selection process.