Decades Of Experience Helping Business Owners Start Strong
When beginning a business, it is very important to decide what form of business entity to establish because it will help determine the business plans, long-term strategy and the overall business future. Common types of business structures include limited liability companies (LLC), sole proprietorship, partnerships, C corporations and S corporations. Selecting the right type of company or corporation for your new business helps to maximize your chances of both financial and operational success.
Entity formation is important for many reasons, and it also helps to determine which income tax return forms you must file. Likewise, the business entity states that the transactions associated with a business must be separately recorded from those of its owners and other businesses. This requires the use of separate accounting records for the organization that completely exclude the assets and liabilities of any other entity or you, the owner.
To help protect you, your family and your new business venture, Gudeman can help you establish your entity formation, ensuring you are in compliance with local, state and federal regulations while maximizing your protections. Please call 248-630-3671 or send us an email.