The correct business structure is critical to maximize efficiency. Many businesses are inappropriately structured as sole proprietorships when they really need to be S Corporations or C Corporations to maximize their use of favorable corporate tax provisions. Similarly, many businesses used online services to restructure, which don’t always take the correct steps, especially with regards to S Corporations.
We will review your situation to see if changing your business structure makes sense from a tax standpoint and advise you on the steps required to restructure your business and provide appropriate referrals to other professionals if needed during the restructuring. If you already attempted a restructuring, we will advise you on the best way to correct the issue with the restructuring in a cost effective manner.