Many small and large businesses depend on the benefits of the appropriate business entity or entities in their organization. These different business entities have effects on maximizing profits. Different tax laws may apply depending on how you set up your business entity, and which entity or entities you choose.
The entity choice, be it corporate or LLC; or a Living Revocable Trust or an Irrevocable Trust, can be tailored to your desires and be used as an Estate Planning or Asset Protection tool so that your business is also best serving your heirs to whom you may leave such assets.
In small businesses, one must also consider licensing issues, buy-sell agreements, non-compete agreements, officer liability, and lawsuit liability.
We can help. Contact us to discuss your particular business needs.