This class will review the five general entities that a business can form under and be taxed as:
• We will review the pros and cons of each entity.
• We will discuss how you are taxed.
• What tax returns need to be filed and when.
• We will discuss how you the owner are paid based on your company’s entity selection.
• Finally, we will review the potential of tax savings based on the type of entity and the potential pitfalls to look out for when choosing one.