John Folson, CPA, LLC can help you estbalish your new business. If you are uncertain of what type of business to select we can hel you make this important decision. Most businesses are operated as either a sole proprietorship, partnership, corporation, and S-corporation.
A Sole proprietorship can either be working using your name or an LLC to shield your personal assets.
A Partnership simply means one or more owners and the entity is not tax as a corporation. It can be an LLC, LLP, GP, etc.
A corporation is self explanatory.
An S corporation describes how an entity is taxed ( what type of tax form the entity files 1120S). An LLC or corporation can be an S-corporation.
The cost of setting up a new business is about $450.00.
Please call (954) 519-2528 to speak to a CPA.