Selecting the form of business entity
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Selecting the form of business entity analyzing LLCs and other entity choices by Bruce D. Bernard

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Published by OSBA CLE Institute in Columbus, OH .
Written in English

Subjects:

Places:

  • Ohio.

Subjects:

  • Business enterprises -- Law and legislation -- Ohio.,
  • Tax planning -- Ohio.

Book details:

Edition Notes

Statementby Bruce D. Bernard and Thomas J. Sigmund.
ContributionsSigmund, Thomas J., Ohio State Bar Association.
Classifications
LC ClassificationsKFO205 .B47 2002
The Physical Object
Paginationxviii, 360 p. ;
Number of Pages360
ID Numbers
Open LibraryOL3703088M
ISBN 100966454413
LC Control Number2003270182
OCLC/WorldCa51490266

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G. Form: Architect’s Business Entity Report Form (California Architects Board) ; H. Forms for Engineering and Land Surveying LLPs 1. Form: Organization Record Form for Businesses Whose Principal Office Is in California (Board for Professional Engineers, Land .   Selecting an entity that is appropriate for your business will depend greatly on how you plan to run the business and where you hope to take it. One size does not fit all. It is hard to overstate the importance of choosing the entity that is right for your business. The various entities—sole proprietorship, partnership, limited-liability company (LLC), or corporation, each offer a different set of instruments and demand that a different set of . Your chosen entity will guide business decisions, tax efficiencies and ability to scale. By carefully considering the forms of business entity that are available and then intelligently choosing an appropriate one, you can reduce exposure to liabilities, save taxes and launch the business in a form capable of being financed and conducted.

  From the CPA's perspective, advising a new business owner on selecting a business entity form requires the CPA to "look into the crystal ball." In advising his or her clients, the CPA must recognize and anticipate the impact that future changes may File Size: KB. Choosing the right business entity allows an entrepreneur to reduce liability exposure, minimize taxes, and ensure that the business can be financed and run efficiently. It also provides business owners with a mechanism for ensuring that the business operations will continue, rather than being automatically terminated, upon the death of an owner. Business Entities: An Introduction goals, but also on the type of business involved. The type, or legal form, will impact everything The main feature of a sole proprietorship is that the business itself is not a separate legal entity from the owner of the business. Legally, the File Size: 2MB. Get this from a library! Selecting the form of a small business entity. [Harry J Haynsworth; American Bar Association. Section of Corporation, Banking, and Business Law.; American Law Institute-American Bar Association Committee on Continuing Professional Education.].

Primer on Selection of a Business Entity I. SCOPE This Primer focuses on the factors to be considered when selecting a form of organization for a business. The form of organization adopted will depend upon the particular objectives and situation of each business, and this Primer suggests matters for you to. Written from the practitioner's perspective, Keatinge and Conaway on Choice of Business Entity offers insight into selecting the form and structure for a closely held business. It provides a three-part analysis of different business entity formats, and advises which to choose based on the business activities and needs of the owners. So, you’re trying to decide what type of business entity to form. Ideally, you have a CPA and a business attorney to advise you, but if you’re like most small business owners I know, you’re probably bootstrapping costs and doing most of the formation research yourself. As a business owner, you can choose to structure your business as.   The least important of these factors, however, should be the cost to form them. The biggest mistake people make when starting a business is selecting an entity based solely on how much it cost to form them. Doing so typically results in clients selecting the wrong type of entity which can have negative tax and legal implications.