Business Entity Types
Did you know, according to the IRS, there are five different business entities?
How do you know which entity you are right now? How do you know which entity you should be? How do you know when it's time to move to another entity?
Talk to your tax preparer. They will know which entity you should be and what rules you must follow. They will be able to find the best deductions and credits for your business entity, too.
Then, let your bookkeeper know your business entity. We can help you ensure your books are set up correctly for your entity.