About this Talk
In this session, we’ll explore the different entity types that you might consider for your start-up (Sole Prop, single-member LLC, Multi-member LLC, Partnership, C-corp, or S-corp) and the tax return implications of each.
We’ll also review when it might be appropriate to change from your original entity type to take advantage of tax savings as your business grows and matures. Also, if/when you change from one entity type to another, there are important tax changes to be aware of (filing deadlines, tax form changes, impact on deductible expenses such as health insurance premiums and tax-deferred retirement plans).
We’ll also touch on some creative ways to gain write-offs and save taxes by employing your spouse and children.