All legal and tax professionals agree, if your business is not incorporated you may be throwing away thousands of dollars in tax savings and deductions.
In addition, all of your personal assets such as your home, cars, boats, savings and investments are at risk and could be used to satisfy any law suits, debt or liability incurred by the business. Forming a Corporation can provide the protection and tax savings needed to give you peace of mind and make your business even more successful and profitable.
Some Benefits Include:
Liability Protection: Properly forming and maintaining a corporation will provide personal liability protection to the owners or shareholders of the corporation for any debt or liability incurred by the business. Personal liability of the shareholders is normally limited to the amount of money invested in the corporation.
Tax Advantages: Another important benefit is that a corporation can be structured many ways to provide substantial tax savings. You can minimize self-employment taxes and increase the number of allowable deductions lowering the taxes you pay on the income of the business. Many corporations structure retirement and tax deferred savings plans for their owners and employees which can provide even greater tax savings.
Raising Capital: Sale of stock for the purposes of raising capital is often more attractive to investors than other forms of equity sales. A corporation can also issue Corporate Bonds to raise capital for expenditures without compromising the ownership of the business.
Santini and Company CPAs | 2 South University Drive, Suite 265 | Plantation, FL, 33324 | (954)473-5656
Taxes, Accounting, Business Consulting and Personal Financial Planning.*
Helping you keep more of what you earn.
Santini and Company CPAs is a South Florida business accounting, consulting and financial planning firm dedicated to helping companies and individuals keep more of what they earn. Offering a range of accounting services and financial management consulting, including business valuations, financial review, internal audits, payroll accounting, new business formation, managerial accounting, state tax returns, trust and estate taxes, and management of the IRS audit process to Florida businesses, individuals and families. If you owe back taxes, are facing an IRS audit, are starting a new business, need help with elder care financial planning, or simply need the experience and advice of a seasoned CPA firm, Santini and Company is ready to take your call.
Securities Offered through Sammons Securities Company, LLC. Member FINRA and SIPC
*Investment advisory services offered through Sigma Planning Corporation, a registered investment advisor.
