Business Legal Entity Selection
A business can be organized as one of several possible legal entity structures. There is the Limited Liability Company (LLC), the S Corporation and the C Corporation. Each of these structures affords the owner(s) protection of personal assets from the liabilities of the business. However, there are differences in how each of these entities are taxed. These differences can be significant.
Hills Tax and Accounting, PC will analyze your business at various levels of net income to determine which legal entity yields the optimal tax treatment for your business.