Next Level CPA
Business Advisors

Business Advisors to Help you GrowFree Guide

Why Incorporate? Legal and tax professionals agree - if your business is not incorporated you are probably 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 separate legal entity can provide both liability protection and tax savings.  Plus, you will have peace of mind and can focus on making your business even more successful and profitable.

Some Benefits of Incorporating 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 (Basis).
  • Tax Advantages:  The entity should be structured to maximize tax savings.  For example, through a Sub-Chapter S corporation, an entity can be structured to reduce self employment matching taxes for a 15.3% tax benefit. By minimizing self-employment taxes and increasing the number of allowable deductions, we lower the taxes you pay on the income of the business.  Many corporations also structure retirement and tax deferred savings plans for their owners and employees.  These plans either defer or eliminate taxes paid, thus providing a greater cashflow for the business.
  • 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

Business Consulting

Our business consultants assist by analyzing your data and giving you the right information to keep you in control and able to make sound and profitable decisions. We make your job easier by providing everything your business needs from one trusted source. Our experts offer:

  • Business Planning
  • Business Risk Assessment and Risk Management
  • Business Valuation
  • Compliance Issues
  • Financial Analysis and Tax Planning

Free Consultation

We offer all new clients a free consultation on how we can help your unique situation. Odds are, we can reduce your tax expenses, too. Give us a call or an email to learn more.