BUSINESS STRUCTURING

CHOOSING THE RIGHT STRUCTURE FOR YOUR BUSINESS & PERSONAL NEEDS

One of the most important decisions you will likely make when starting a business is the type of legal structure you select for your company. It will have a profound effect on the taxes you pay, the liability you expose yourself to, the cost efficiency of the benefits you provide yourself, your family, and your employees. Your choice also has an impact on the degree of difficulty and complexity you will face in operating your business and eventually transferring it or selling it to third parties, key employees or family members.
The most common forms of businesses are:

  • Sole Proprietorship
  • Partnership (both general and limited) 
  • Regular (“C”) Corporation
  • S – Corporation
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)

KEEP YOUR STRUCTURE CURRENT WITH CHANGING CIRCUMSTANCES AND NEEDS

Even after you settle on a business structure, it’s important to consider periodic changes in the tax laws (i.e., the recently passed Tax Cuts and Jobs Act). These changes can dramatically affect the favorability of one business structure over another (i.e., IRS: Section 199A). It is important to reassess your form of business structure from time to time to make sure you are using the business structure that best fits your situation.

If you are ready to start planning for your business exit, then give us a call and we will help guide you through the process of cashing out of your business and moving on in style and on your terms.

PHONE: 864.887.4301
EMAIL: INFO@REICHERTCO.COM

MAIN OFFICE:
22 RUSKIN SQUARE | GREENVILLE, SC 29607

BRANCH OFFICE:
217 VINEYARD PARK | SUNSET, SC 29685

Securities offered through Valmark Securities, Inc., Member FINRA, SIPC. Advisory services offered through Valmark Advisers, Inc., a SEC Registered Investment Advisor. 130 Springside Drive, Akron, OH 44333. (800) 765- 5201. The Reichert Company, Inc. is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.

The Reichert Company