Your Full-Service Accounting + Business Growth Advisory Partner

Tag: LLC

Incorporation 101: C-Corp vs. LLC

So you’ve decided to start a business. Once you get past the initial excitement of throwing ideas around with your co-founders, it’s time to make your first big decision: how you’ll structure your organization. Choosing a corporate entity type can feel overwhelming if you’ve never done it before. And even if you have, each industry and business has unique needs.  In this article, we’ll break down some important details you need to know about the two most common types of entities:...

Continue reading

Launching A Business: What to Consider When Beginning Your Startup

By Wiss Associate The first step toward launching your own business is having an idea. But even if you have an idea for a business, you may have no idea about the legal and tax obligations that await you should you put that idea into practice. Here are several things to keep in mind before getting your startup off the ground. Separate yourself from the business Running your business through your personal bank account might seem easy and convenient, but unless you keep your business...

Continue reading

Choosing the Entity that’s Right for your Startup

By Wiss Associate As a startup business, one of the most important decisions you have to make is under what type of corporate entity you’ll operate. There are three basic choices of entities. S Corporations Characteristics. This entity is only for corporations with 100 or fewer individual owners and no foreign shareholders are permitted. S Corporations can issue common stock, not preferred, and there are no corporate taxes paid at the entity level. Advantages. S Corporations are...

Continue reading

Copyright 2022, Wiss & Company, LLP Accountants & Consultants. All rights reserved.