Serving and Located in Palm Beach Gardens, FL 561-296-4700
New Business and Incorporation
Comprehensive Tax Services for Your New Business
Incorporation and New Business Advisors You Can Rely On
Are you starting a new business? Starting a new business requires making a series of key financial decisions that can affect the profitability of your business down the road. At AccountAbility Specialists Inc, we have the experience needed to get your business started on the right track.
It's important to seek professional advice when starting a new business in the US. Because each type of business formation has different tax implications for businesses and their owners, it's important to choose the right entity for your business needs.
We’ll work with you to identify the entity that will help your business minimize its tax burden and maximize profits in the years to come. Call us today to see how our professionals can help your business grow!
Some of Our Incorporation and LLC Services
- Entity selection
- Incorporation assistance
- Strategic tax planning
- Creating a business plan
- Establishing a budget
- Federal and state tax ID applications
- Quickbooks setup and training
Let Us Help You Find the Right Entity for Your Business
Avoid making a costly mistake by engaging the incorporation and new business adviser services offered by AccountAbility Specialists Inc. Here is a brief rundown of several common forms of incorporation.
Limited Liability Company (LLC)
An LLC is somewhat similar to a corporation or a partnership. The LLC protects the owners or members from personal liability for the company’s financial obligations. Depending on the number of members, it could be treated as a non-corporate business organization for tax purposes with no separate business tax return required or as a partnership. An LLC requires an organizational agreement similar to a partnership agreement and must file articles of organization with the Secretary of State.
Limited Liability Partnership (LLP)
A Limited Liability Partnership has two types of partners – general and limited. General partners have management authority as well as personal liability for the firm’s obligations, while limited partners are simply cash investors with no management authority and liability for only the amount they have invested. An LLP is not a separate tax-paying entity and is often formed with a C or S corporation as a general partnership.
C Corporation
A C corporation is a separate legal entity, so its owners or shareholders have no personal liability for the company’s financial obligations. The corporation is taxed on its income and shareholders also must pay taxes on any dividends or income they receive.
S Corporation
An S corporation is similar to a C corporation in many ways, but the company itself does not pay taxes. Shareholders must report income from the business on their personal tax returns. A company must meet strict legal requirements to qualify as an S corporation.
For hassle-free tax preparation and accounting services, call us at 561-296-4700.
With more than 50 years of combined experience, we can exceed your expectations with quality work!