Business Entity
Help choosing the right business structure for your start up company
| Sole Proprietor | Corporation | Partnership | S-Corporation | |
|---|---|---|---|---|
|
Taxation |
Taxed at the shareholder level |
Taxed at the corporate level |
Taxed at the shareholder level |
Taxed at the shareholder level |
|
If Business is profitable |
|
Lower taxes |
|
|
|
Ability to Raise Capital |
Limited to only one owners capital |
Very easy to raise |
Limited to partners capital |
Limited to 100 shareholders. |
|
Ability to Transfer Ownership |
Cannot transfer ownership of their business |
Can add new shareholders and transfer shares with relative ease |
May require that the partnership terminate and a new partnership be formed |
partnership terminate and a new partnership be formed Can add new shareholders and transfer shares with relative ease |
|
Limited Liability Protection |
Unlimited liability |
Limited liability |
Unlimited liability |
Limited liability |
|
Ease of Incorporation |
Very easy to form |
require filing various papers with your state government and with the Internal Revenue Service |
require filing various papers with your state government and with the Internal Revenue Service |
Limited to 100 shareholders. |
Call us today and allow us to help you. It is our passion to see businesses grow and function more efficiently. Don’t waste any more time, money, and effort trying to run your accounting on your own. You will be surprised at how much you will be able to save!
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Adress
55 6th Road suite 07
Woburn, MA 01801
simon@simonsabircpa.com
Call or Text
(781) 477- 4272
Fax
888-508-6019
800-708-7519
Hours
Mon-Thu: 10am – 4pm
Sat-Sun: Closed