Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
LLC or S-Corp

planning your better business

I
46:1. .   , , _ _
Learn more at  Reaeassociates
wvvw. reacpa. com  a5 ' wa...
Passing  I


Th ro ug h
 i i i i ‘A 1 . «—f7:__l"""s.  _i
Leaf“ “We at  Reaeassociates

www.  reacpa. com  a Augflcmway
Limited liability companies and
S—corporations are not only treated as
pass—through entities,  they provide their owners
w...
What To R‘
Expect From . 
YourLLC / 

iii; 

Learn more at  Reasassociates

wvvw.  reacpa. com  a éugflao/ away
If you will establish a sole proprietorship or a
general partnership an LLC provides owners
(or members) with greater tax ...
Enjoy fewer restrictions

   .  when you
 ‘   r V‘.  distribute earnings
 ,     through profit sharing. 

Rea 8 associates...
What To
Expect From
Your S—Corp

— g Q

L<—>a-'iii IIWD Hi  ) Fleas associates
WWW .  FOE] C D :3 .  CL C) ill

llu/7/1562...
Similar to an LLC,  owners of S-Corps (or
shareholders) are expected to report their
share of the business's income and lo...
NOTE: 

S-Corps may have no more than 100
shareholders.  Furthermore,  partnerships. 
corporations and non—resident aliens...
So what's the biggest draw for
setting up an S—Corp? 

They allow you to 

WVVN.  reacpa. com
Minimize your
tax liability. 

Rea 8 associates 7  
wvvw. reacpa. com

“W "W"W "7"W

    
|  | |  | |
Be X/ arned: 

Even though S—Corps have some great tax benefits,  they
also have complex administrative and
record—keeping...
)</ ant   ‘
another 
option? 

s__: 

, .:: "'ii li". ,

Learn more at  ea8associates
wvvw. reacpa. com  ale; /rflmway
There are steps you can take to establish

your business as an LLC while allowing it

to receive the tax treatment of an S...
.9." _L
,3 . A
1 7’ "P ‘I

The Best of  Both Worlds

=   FL~.2.:8associates
Your financial advisor/ business
consultant can help point you in
the right direction. 

WVVN.  reacpa. com
Take your business to new heights. 
vvvvw. reacpa. com/ contact-us

By Gene Spittle,  CPA.  PFS,  CGMA

@151

 

@9315

Wo...
Upcoming SlideShare
Loading in …5
×

Want A Better Business? Structure Matters

6,584 views

Published on

Are you an entrepreneur who wants to take advantage of the benefits often awarded to small-to-midsize business owners? If so, you may want to consider establishing a limited liability company or an S-corporation. Both options offer several distinct advantages depending on the size and scope of your business and it’s even possible to combine the two – potentially providing you with the best options of both worlds. Here’s a quick overview to provide you with a little more insight into what you should expect when considering your organizational structure.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Want A Better Business? Structure Matters

  1. 1. LLC or S-Corp planning your better business I 46:1. . , , _ _ Learn more at Reaeassociates wvvw. reacpa. com a5 ' way j
  2. 2. Passing I Th ro ug h i i i i ‘A 1 . «—f7:__l"""s. _i Leaf“ “We at Reaeassociates www. reacpa. com a Augflcmway
  3. 3. Limited liability companies and S—corporations are not only treated as pass—through entities, they provide their owners with limited liability protection — great options for those looking to structure a better business. VNVN. reacpa. com
  4. 4. What To R‘ Expect From . YourLLC / iii; Learn more at Reasassociates wvvw. reacpa. com a éugflao/ away
  5. 5. If you will establish a sole proprietorship or a general partnership an LLC provides owners (or members) with greater tax efficiency and operation flexibility. Plus / /VVN. reacpa. com
  6. 6. Enjoy fewer restrictions . when you ‘ r V‘. distribute earnings , through profit sharing. Rea 8 associates _ A NVVN-reacpa-Com A , A ‘ » 2. . ._ , , *3 la *3, A / _ ‘ SR“ 5
  7. 7. What To Expect From Your S—Corp — g Q L<—>a-'iii IIWD Hi ) Fleas associates WWW . FOE] C D :3 . CL C) ill llu/7/1562 . -
  8. 8. Similar to an LLC, owners of S-Corps (or shareholders) are expected to report their share of the business's income and losses to the IPS on their federal tax return. WVVN. reacpa. com
  9. 9. NOTE: S-Corps may have no more than 100 shareholders. Furthermore, partnerships. corporations and non—resident aliens are not eligible to own an S—Corp. WVVN. reacpa. com
  10. 10. So what's the biggest draw for setting up an S—Corp? They allow you to WVVN. reacpa. com
  11. 11. Minimize your tax liability. Rea 8 associates 7 wvvw. reacpa. com “W "W"W "7"W | | | | |
  12. 12. Be X/ arned: Even though S—Corps have some great tax benefits, they also have complex administrative and record—keeping obligations. Also, regulations associated with S—Corps make profit sharing difficult to establish. VNVN. reacpa. com
  13. 13. )</ ant ‘ another option? s__: , .:: "'ii li". , Learn more at ea8associates wvvw. reacpa. com ale; /rflmway
  14. 14. There are steps you can take to establish your business as an LLC while allowing it to receive the tax treatment of an S—Corp! Providing you with WVVN. reacpa. com
  15. 15. .9." _L ,3 . A 1 7’ "P ‘I The Best of Both Worlds = FL~.2.:8associates
  16. 16. Your financial advisor/ business consultant can help point you in the right direction. WVVN. reacpa. com
  17. 17. Take your business to new heights. vvvvw. reacpa. com/ contact-us By Gene Spittle, CPA. PFS, CGMA @151 @9315 Wooster office Rea & Associates Rea 8 associates a A/ Lzgflzfetway . H 4 ‘ . __7<K'4>. ‘*V_A$f -; V_ 1_V, IF'. ’.~}'7_‘q, . 4/_ / ( 9'; ) I l , / 1‘ . j is“ Iflr ‘I I

×