When starting a new business, owners must decide which type of entity, or business structure, to choose. The business entity choice determines how taxes are filed, what accounting methods to use and ...

The type of business entity utilized for a new venture is one of the most important decisions facing a new business owner. Choosing an inappropriate entity can have devastating effects, while an ...

Not all businesses are created equal—nor are they taxed alike. Our helpful breakdown covers various business tax entities and how they’re taxed It’s crucial to understand your business entity’s unique ...

When advising clients on the choice of business entity, CPAs should consider the advantages and disadvantages of each type. If more than one entity is involved, CPAs should also determine whether ...

A sole proprietorship is a business entity where all liabilities and financial obligations pass to the single owner of the business. Those choosing a sole proprietorship are usually in low-liability ...