Business Owner FAQs

When beginning or transitioning a business, you must decide what form of business entity is most appropriate. Your form of business determines which income tax return form you have to file.  The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation.  A Limited Liability Company (LLC) is a relatively new business structure allowed by state statute.  Legal and tax considerations enter into selecting a business.

 

image7_businessownerfaqs

 

For additional information, refer to Small Business Administration’s Choose A Structure webpage. CC&B Solutions can assist you in setting-up the entity of your choice.  Contact us today!