Selecting the right type of organizational form for your business requires that you carefully balance tax implications, asset protection, cost-effectiveness and simplicity. Generally, the LLC will be the most flexible and effective choice, but in some cases corporations may make more sense tax-wise.
Tax comparison chart by incorporation type - including sole proprietorship, general partnership, LLC, S corp and C corp.
If you're one of many small business owners confused about the new tax bill, read our breakdown of the 3 major impacts. Depending on your business type, you could see changes to qualified business income, and individual income and corporate tax rates. Contact BizFilings for professional guidance.
Learn about how S Corporations (S Corps) may limit your liability, avoid double taxation of corporate profits, and make it easier to obtain financing.
Learn about common state business taxes and where to find helpful resources for your small business accounting needs.
Learn about tax issues for small businesses before incorporating including tax planning, selecting a business type and accounting methods.
Overview of sales tax issues for small businesses including registration, collections, payments and returns and when to seek professional advice.
Follow these five steps to understand your state, federal and local payroll tax obligations and avoid penalties.
Articles on keeping a business compliant with federal tax requirements.
Articles on keeping a business compliant with state tax requirements.
Articles on keeping a business compliant with payroll tax requirements.
Articles on keeping a business compliant with sales tax requirements.