Entity Structure

Starting a Business Checklist

Starting a Business Checklist

Whether it’s your first time starting a business or you’re an old pro, making sure you dot your i’s and cross your t’s keeps your new venture in compliance from day one. While this checklist won’t cover every single item on your administrative to-do list, it’s a great...

Understanding the Benefits of an S Corp
Entity Structure |4 min read

Understanding the Benefits of an S Corp

If you have been operating as a sole proprietorship or a general partnership, you may benefit from incorporating your business as an S corporation (S corp). Along with having your business treated as a pass-through entity by the IRS, thereby avoiding double taxation,...

Why is Reasonable Compensation Important?

Why is Reasonable Compensation Important?

Avoiding an IRS Audit Making a mistake with reasonable compensation is one of the fastest ways a business owner can be flagged for an audit. Avoid being targeted by the IRS by paying yourself a “reasonable” amount. What is Reasonable Compensation and How do I...