LEGAL TIP OF THE WEEK: HOW TO KNOW WHAT TYPE OF CORPORATION IS RIGHT FOR YOUR BUSINESS

So you’ve decided to go into business for yourself, bravo! There is nothing more rewarding than being your own boss and building a successful company. But there are a lot of legalities to starting a startup, and if you want to avoid certain legal and tax pitfalls you need to know your options. The type of company you incorporate can limit your liability as the business owner in the event of a lawsuit, and can also save you on your taxes. The most common forms of corporations include LLC’s (which is a limited liability company) and S corporations. LLC’s provide protection from personal liability to the owner and S corporations provide certain tax benefits. In order to make sure you set up your company in the most beneficial way, call us to learn more. We can help you get incorporated properly, and wish you the best of luck in your new venture!

For more information, contact us today by calling the office at (405) 235-4040.