Whether you are just starting a business, or are already well established, planning your entity and tax structure plays a key role in the success of your business.  The choice of an entity should be made based on the facts and circumstances surrounding your specific business.  The experts at MASH have the knowledge and expertise that can help you understand the complex range of business entities available and which business structure is right for you.

Whether it's a tune up, major overhaul or development from the ground up, we stand ready to assist you with the services that fit your individual needs. We will work with you and your advisors to help you meet your current and long term goals. You will benefit directly from our experience, skills and innovative ideas. Our experts will you assist you in making more informed decisions.

Our team will advise you on the following types of entity structures:

  • Sole Proprietor is a business entity that is owned by one individual and in which there is no legal distinction between the owner and the business.  From a tax perspective a sole proprietor, is the business structure that is most scrutinized by the IRS.
  • General Partnership is a business entity that is formed by two or more individuals for business purposes.  Similar to a Sole Proprietorship, general partnerships have liability implications.  Every partner in the partnership carries equal liability with the other partners.  From a tax perspective the income from a general partnership flows through to the individual partners, thus a general partnership does not pay any taxes.
  • Corporation is a legal entity that separates the owner(s) from the business and thus avoids any personal liability from corporate debts. Corporations enjoy most of the rights and responsibilities that an individual possesses. The most important aspect of a corporation is the fact that it provides limited liability to its shareholders.  From a tax perspective a corporation can be taxed in several different ways depending on its classification (C-Corporation vs. S-Corporation).
  • Limited Liability Company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of a company that provides limited liability to its shareholders.  This hybrid entity combines the asset protection of a corporation and the ‘passed-through’ tax treatment of a partnership.
  • Limited Liability Partnership (LLP) is essentially a general partnership in form, with one important difference. Unlike a general partnership, in which individual partners are liable for the partnership's debts and obligations, an LLP provides each of its individual partner’s protection against personal liability for certain partnership liabilities.

Contact us to schedule a consultation.

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