Entity Administration
Yvonne Tripp
Chris Jensen
We can work with you to evaluate and identify the best way to select and manage your new venture. We provide services that simplify your administration.
Starting your own business can be an exciting adventure, but there are so many questions at the outset:
What should I name my company?
How should I approach business incorporation?
Who can best help me to make decisions that will move my business forward?
A corporate structure should be chosen only after carefully weighing the options, as it is financially prudent to establish your structure properly at the beginning.
Proper Entity Selection
Proper Entity Selection at the time of business start-up, deciding when a change in your entity designation may be appropriate, or completing your entity responsibilities are all part of Total Business Care's Entity Management Services.
Basic Forms: Organization For New Businesses
General Corporation: Also known as C Corporation. A shareholder’s liability is limited to the amount invested.
Sub-chapter S Corporation: This option combines the tax advantages of a partnership while limiting personal liability in the manner of larger corporate structures. There are restrictions, such as a limit of 75 shareholders, who must also be citizens or permanent residents of the U.S.
Limited Liability Company: Though this entity is not a corporation, this structure also limits the liability of its owners without the ownership restrictions of an S corporation or the documentation requirements.
Other Forms: Organizations That Do Not Require Incorporation Services
Partnership: In a partnership each general partner is responsible for all debts and liabilities of the business; not just his or her proportionate share.
Sole Proprietorship: A sole proprietor is an individual who owns and operates a business that is not a formal entity as a corporation or partnership. The profits or losses are reported on the individual’s tax return.
Related Products + Information
Business Advisory Services: The Strategic Business Advisory Services of Total Business Care are focused on helping small business clients start and grow their ventures, develop net worth and the retain or transfer their accumulated wealth.
Enrolled Agents: Total Business Care has Tax Professionals that are Enrolled Agents through the National Association of Enrolled Agents and licensed tax preparers.
TBC Care Product: Tax Care℠: Tax Care℠ provides a complete range of services which address income tax needs of individuals, partnerships, limited liability companies and corporations.
💬 Have questions?
To make an appointment with our Entity Administration Team, we invite you to call our office at 📞 (510) 797-8375 or 🗓️ Schedule an Appointment online.