by Arthur Geffen | Oct 18, 2021 | Business Organizations, Income Tax
shutting down a business There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of business. Two important steps all business owners must take are fulfilling their federal tax responsibilities and...
by Arthur Geffen | Sep 23, 2020 | Business Organizations
Here are six tips for new business owners. Choose a business structure. The form of business determines which income tax return a business taxpayer needs to file. The most common business structures are: Sole proprietorship: An unincorporated business owned by an...
by Arthur Geffen | Jan 8, 2020 | Business Organizations, Estate Planning, Estate Planning Solutions
Any family business, however successful, will reach a day when ownership must change hands. A plan of succession for ownership of business interests ensures that the business will continue to operate with a minimum of disruption and can also provide tax...
by Arthur Geffen | Nov 17, 2015 | Business Organizations
Sole Proprietor C Corporation S Corporation LLC Lawsuit protection for owners when business is sued? NO YES YES YES Asset protection for business assets when owner is sued? NO NO NO YES Additional business tax deductions available? NO YES YES YES Who is taxed on...
