The legal structure of a business (i.e. partnership, limited liability company, corporation, etc.) and how the business operates are vital parts of any business plan. The business structure you choose directly impacts your federal income tax liability, and more importantly, your ability to protect your personal assets from the business’s liabilities. After selecting a corporate structure, the business owner must take deliberate measures to ensure the businesses assets and liabilities are maintained separately from his or her personal obligations. Failure to do so, could allow a creditor of the business to recover against the owner’s personal assets.
We can assist you in structuring your business and guide you in operating it in a manner that protects your personal assets and income from the unforeseen liabilities of business ownership.
We can assist you in structuring your business and guide you in operating it in a manner that protects your personal assets and income from the unforeseen liabilities of business ownership.
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