- info@taxultras.com
- 813-249- 1700 / 813-802-2792
Registration and incorporation of businesses
One of the first, and probably the most important, decision you will have to make when starting your new business is the legal structure it will take.
Some questions to consider are:
- What my business will be dedicated to?
- During the first years of operation. Will my business have tax gains or losses?
- Will I distribute my profits among the owners or I will finance the growth of my company?
- Will my activity take place at the state or national level?
- Will my business be dedicated to “high risk” activities where there is the possibility of contracting debts or lawsuits?
- How do I visualize my company in five, ten or twenty years?
It is important to understand that depending on this choice of entity, the personal responsibility of the owner or owners for any debt or lawsuit, the way to file and pay taxes, the number of reports to file each year, as well as other administrative and tax elements.
If you make the wrong decision, you will carry the consequences of your mistake throughout the years of your business’ existence, that is, if you are not forced to liquidate it and start the process of building your entity again with the respective costs and legal implications and corresponding prosecutors.
Mainly, business owners tend to establish themselves as a sole proprietorship or a limited liability company, but which structure to choose?
The business entities are several, basically they have been divided into two classes:
Non-corporate entities:
- Sole Proprietorship
- Limited Liability Company (LLC)
- Partnerships
Corporate Entities:
- Regular corporations (C-Corp)
- Small corporations (S-Corp)
- Professional corporation
- Cooperatives (Co-Ops)
How we work at Ultra Tax & Accounting
As each business has different characteristics, aspirations and needs; you will meet with one of our specialists who:
- Will thoroughly study your case analyzing all the information provided by you in your interview
- Will make a presentation with different scenarios taking into account the different existing commercial structures to facilitate your understanding of the topic
- Inform you about costs as well as processing times
- Will offer follow-up and assessment throughout the year
GUARANTEED service
- We assure you that you will be able to make an informed decision and start your business safely.
Contact Us
Our performance seen in numbers.
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Income
Tax Returns
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Tax Returns
customers
Interested in any of our services? We are looking forward to evaluate your needs.
Our team will draw up an action plan that will allow you saving taxes and organizing your finances. Call us now, for a free consultation
Ultra Tax & Accounting
It offers you a professional solution to your accounting and tax needs.
Contact Us
- info@taxultras.com
- 813-249- 1700
- 813-802-2792
- 7028 W Hillsborough Ave. Tampa, FL 33634
Services
- • Income Tax Services
- • Tax Planning
- • ITIN Services
- • Business Start-Up
- • Bookkeeping
- • Payroll
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