We understand how much effort you have put into your business to make it sucessful. When you leverage our years of experience, precise accounting, and technological skillset, your can free up valuable time to focus on your core company goals.
We understand how much effort you have put into your business to make it sucessful. When you leverage our years of experience, precise accounting, and technological skillset, you can free up valuable time to focus on your core company goals.
Both protect owners so they’re not personally on the hook for business liabilities or debts. But, key differences include how they’re owned (LLCs have one or more individual owners and corporations have shareholders) and maintained (corporations generally have more formal record-keeping and reporting requirements). Even though LLCs are considered easier to start and maintain, investors tend to prefer corporations.
LLCs, S corporations, and sole proprietorships are taxed once on profits received. C corporations are taxed twice; the business pays taxes at the corporate level, and shareholders pay taxes on income received.
The way you’re taxed. C corporation income is taxed twice—the business pays taxes on its net income, and then the shareholders also pay taxes on the profits they receive. With S corporation income, only the shareholders pay taxes on profits received.
LLCs and corporations. You don’t get personal liability protection with sole proprietorships or DBAs.
Personal liability protection. An LLC protects owners from being personally on the hook for business liabilities or debts. A sole proprietorship doesn’t.
