In my last post, I shared the advantages and disadvantages of setting up an accounting business as a Limited Liability Company (LLC). In this article, I’m going to discuss the pros and cons of establishing an accounting firm as a corporation.
As you know, selecting a business entity type for your company has tax implications. There are legal considerations, too, so I encourage you to talk with an attorney to make sure you understand the impact registering as a corporation will have in that respect.
To help you in your efforts to compare the benefits of incorporating with those of forming an LLC, let’s look at the main pros and cons of operating as a corporation ...
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Author Bio: Nellie Akalp is a passionate entrepreneur, small business advocate and mother of four. She is the CEO of CorpNet.com and recently launched a partner program for the accounting community. Accountants, CPAs, Bookkeepers and other professionals can offer business incorporation and compliance services to their client to extend their services but CorpNet does the work. More info at: CorpNet.com/partners