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Whether starting a business or protecting your currents assets, we would like to help you make the correct decision, below are some of your options;
S Corporation: A Subchapter S Corporation provides the same limited liability to shareholders, directors and employee as a C Corporation. However, a S Corporation allows corporate profits to be passed through directly to owners, without being taxed at the corporate level.
Limited Liability Partnership: A Limited Liability Partnership (LLP) is like a General Partnership, where all partners are given a right to control the entity. However, unlike a General Partnership, a LLP provides each partner with limited liability. In most states, LLPs are only available to a select group of professions, such as law and accounting firms.
Limited Liability Company: A LLC offers similar benefits to an S Corporation; full protection against personal liability without a corporate-level tax. Additionally, a LLC requires fewer corporate formalities than an S Corporation.
Professional Corpoation: A corporation used for those with those providing certain services, like: lawyer, doctor, egineer, or certified accountant.
There less popular options then those mentioned above, please contact us directly to discuss those options.
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