Is you Business Entity Costing You Extra?

• Are you starting a new business? Do you know the difference between being a Sole Proprietor or an LLC? Should you choose to incorporate? And how will that help or hurt you?
• As an existing business, do you know if you have a fully formed entity? Many LLCs think that they are protected, but you may not have the protection that you expect. What happens if you want to sell your business and it isn’t set up properly?
• How are you keeping your records? Depending on the type of entity you choose, you may have additional record keeping and reporting requirements. Is this being managed well, or managing you?
• How does the Federal Government view your business entity for tax purposes? Do you know when your business taxes are due and how often to file? Do you pay yourself, and are you reporting it correctly?