Business Formation

Entity formation could be a difficult process, our trained professionals can prepare the necessary documents to form a variety of entities, including corporations, limited liability companies (LLCs) and partnerships.

For Federal tax purposes there are only 6 forms of business organizations:

  • Sole Proprietor (Form 1040 Schedule C or Schedule F)
  • C-Corporation (Form 1120)
  • S-Corporation (Form 1120S)
  • Partnership (Form 1065)
  • Trust (Form 1041)
  • Non-profit organization (Form 990)

It is very important to choose the right form for your business based on needs:

  • To raise capital
  • Tax treatments
  • Ability to transfer ownership
  • Limited Liability protection
  • Ownership and Management separation
  • Ease of Incorporation

Our Professionals at TheTaxPrep can explain you about the various business organizations which satisfy your business needs.