New Business: Some Considerations for Entity Selection

When starting a new business several considerations need to be taken into account when deciding what business entity, if any, you should form. Every business has it's own unique circumstances, however, there are two major benefits that can come with forming a business entity. First, entities formed pursuant to a state statute give owners the benefit of liability protection.  Second, there is also a potential for tax savings coming in the form of a reduction of self employment taxes. 

Read More