Did you know? The US Small Business Administration defines a small business as “an organization with fewer than 500 employees.” However, this encompasses a wide variety of businesses. Some are freelancers working alone, others have a team of 5 – 10 people, and there are those with 100 employees or more.
A business owner must incorporate or organize at a state level and take into consideration the tax entity it will file as, which may differ from the corporate entity. So how do small business owners know what kind of entity they are?
Our professionals are experts in helping small businesses decide which business entity they should be, General Partnerships, Limited Partnership, C Corporation, S Corporation or Limited Liability and the various considerations that go along with each option.
While celebrating Small Business Week, take a moment to talk with one of our professionals to discuss which entity to choose for your business, 859-331-1717.