CPA Explains Business Structure: How to Choose the Right Entity Structure! Ask a CPA
Today, we have a question from Britney in Boulder, Colorado. Britney asks, ”I’ve been in the corporate world for a long time and am ready to go out on my own. I’m starting a new consulting business this year; what type of entity should I form?” This is a very important question, Britney, and honestly, it depends on a number of factors. Making the right entity choice can have a significant impact on your business's success and legal obligations. So, let's dive right in!"
In today’s video, we’re going to be addressing the following:
Provide an explanation of the different business entities.
Discuss tax considerations when selecting a business entity formation.
Recommended entity types for different business industries.
If you have a question, please head over to our website http://www.askacpa.co and leave a question for us.
Thanks for watching!
Connect with Brett Philips, CPA
Website – http://www.pscdfw.com
E-mail – [email protected]
Linkedin – / brett-philips-cpa
Twitter - / brettphilips
Must-read books!!
Small Business Guide to QuickBooks Online - https://a.co/d/8GRFBdY
Launch! - https://a.co/d/d7gepCH
Music provided by Argofox: A Himitsu - Adventures • A Himitsu - Adventures [Royalty Free Music]
#EntitySelection #llc #soleproprietor #partnership #scorporation #corporation #taxreporting #flowthrough #tax #askacpa #cpa #llc #limitedliabilitycompany #smallbusiness #quickbooks #intuit #tax #taxdeduction #section179 #bonusdepreciation #depreciation #irs #assetprotection