Many business owners start their organization with a singular idea or a vision of what their future company will become. For entrepreneurs, the pursuit of building a business that will realize that vision can seem all-consuming. With many factors that will contribute to the success of your business, it would be easy to overlook the importance of the selection of your legal business entity and tax filing election. Yet your choice of entity structure will play a significant role in your ability to manage your business and create value.
Your business entity type will affect your ability to secure financing, mitigate personal risk and raise capital throughout the growth and maturation of your organization. Your entity type and tax filing status will also have a profound effect on how you and your business are taxed. Selecting the wrong business entity and tax status can slow down your growth and lead to increased tax liability.
At JPS, our business and tax specialists can help you select the optimal entity structure for your business based on both your current and future objectives. We review both the tax and non-tax attributes of each organizational form, and help you identify the ideal structure for your specific needs.
Our entity selection services include:
- Startup entity selection
- Business entity conversion
- Tax and non-tax entity characteristic evaluation
- Tax filing selections and conversions
Whether you are a startup or an established business, your entity structure is critical to your success.
To find out more about how JPS professionals can help with your entity selection please contact one of our team members below.