One step in setting up your business that gives individuals who aren’t accountants or attorney’s pause is the area of setting up the legal and tax structure for your business. We will take a look at the different structures that are available to you in setting up your business.
Expertlaw.com breaks down your choices for you in their article; Choosing a business form or structure for your business.
It’s important, when looking for a structure, that you do consult an accountant or attorney and talk through your business to make the proper decision on your business. If you are looking to start a business, ask yourself what your business will be doing and what your business needs will be. Assess who you know that can help you set an entity up. Some people will cut corners in this area and set up their business online because it is cheap. I would be cautious of just setting something up online without consulting someone first. Your business is created for long term growth and profitability. Make sure it’s structured to support your long term business goals.
What suggestions do you have for finding a professional to help in the area of entity structuring? What has been your experience with this?