Time and time again, you come across articles discussing the difference between each business structure. A strategy that works for one business might not work for your business, and some of the factors to consider include those listed below. At The Partner Plug, we believe everything needs to be looked at holistically. When you are deciding on which form of business organization to choose, tax, financial, and many other factors come into play, including:
• Access to Capital
• Audit Chances
• Exit Strategy
• Filing Deadlines and Extensions
• Fringe Benefits
• Multistate Operations
• Nationality of owners
• Nature of owners
• Number of owners
• Owners Payments of Companies expense
• Personal Liability
• Restrictions on accounting periods and account methods
• Social Security and Medicare taxes
• Tax rates