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Small Business Start-Up and Entity Selection/Restructuring

Date: 10/4/2019

small business start up

Your business entity has a direct impact on your taxes and liabilities.  As your business evolves, the staff at Heemer-Klein & Company is equipped to offer expert advice ensuring you are in an optimal position for success.

Regardless of where you are in the new business start-up process, we are eager to help you select the entity type that will provide effective tax strategies.  Keep in mind that this is not a one-time decision.  As your business grows and changes, your entity may need to change too.  Well-versed in the pros and cons of an S Corp, C Corp or LLC, we will be sure to advise you when entity changes are suitable.

If you currently have an entity for your business already, it could benefit you to have your business’ entity reanalyzed to see if there are other structures that could be better suited for you.

We can help you determine the following:

  • The legal entity best suited for your business
  • Evaluate any present entities and how they currently benefit you
  • Provide insight on tax implications and liability aspects for your business
  • Help protect your personal assets from unnecessary risks

Accounting Services for Small and Growing Businesses

Tap into our firm’s thorough knowledge of helping a countless number of small business start-ups.  Selecting the correct business entity may not seem like a difficult task.  However, we have seen cases where the wrong decision can put a small business in a dilemma that jeopardizes its viability.

Tax Planning and Preparation for Small Businesses

Our firm is on watch to protect your personal assets from unnecessary risks.  Our tax planning services are geared to ensure you will ethically pay the lowest possible tax.  Once your set-up is complete, we will be honored to service all your business accounting and tax preparation needs. 

Contact us today about our small business start-up services.  We have offices in Warren, MI, Sterling Heights, MI and Richmond, MI.

2019
Nov-08-2019Innocent Spouse ReliefOct-04-2019Small Business Start-Up and Entity Selection/RestructuringSep-11-2019Tax Planning for FranchisesJul-16-2019 Tips for Finding the Right Accountant for Your Taxes
2018
Oct-30-2018The Tax Cuts and Jobs Act of 2017Sep-26-2018What Michigan Business Owners Should Know About the Tax Cut and Jobs Act (TCJA)Sep-07-2018Are You Planning to Use Your Tax Refund to Cover Holiday Expenses?Jul-24-2018Heemer Klein & Company, PC Protects Client Data Against Cyberattacks Jun-01-2018Why Most Small Business Owners Should Convert their LLCs and C Corps to S CorporationsMay-18-2018How to Start Tax Preparation for 2019 Right NowJan-08-2018Tax Cuts and Jobs Act
2017
Oct-17-2017Small Business Health Care NewsJan-14-20172017 Standard Mileage Rates
2015
Dec-21-20152015 Tax Extenders (PATH Act) UpdateOct-27-2015Affordable Care Act (Obamacare)Sep-09-2015IRS News and InformationJul-09-2015"Solo"401K" Retirement planMay-26-2015Deducting Losses from a DisasterApr-03-2015Avoid Late Filing PenaltyMar-23-2015Reporting Foreign IncomeMar-19-2015Home Office Tax DeductionMar-06-2015Education Tax CreditsMar-02-2015Small Business Health Care Tax CreditFeb-27-2015Early Retirement DistributionsFeb-26-2015Net Investment Income TaxFeb-24-2015Capital Gains and LossesFeb-09-2015Missing W-2 / Prior year Tax Return CopiesJan-12-20152014 Comprehensive Tax Year In Review
2014
Dec-31-2014Tax Updates 2014May-23-2014Year End Tax Planning -- AMTMay-01-2014Standard Mileage RatesJan-03-2014The 2013 New 3.8% Net Investment Income Tax & Business Tax Breaks
Past
Dec-13-2013The Affordable Care ActJun-01-2013Higher Education Costs Continue to EscalateMay-01-2013Tax Breaks for Families and StudentsApr-01-2013Residency Issues for RetireesMar-01-2013American Taxpayer Relief Act of 2012Jan-01-2013Filing Status Implications