Decoding Entity Types and Taxation: A Guide for Small Business Owners
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C-Corp, S-Corp, LLC, what should your business be classified as, and what are the potential liability issues by not being within the right classification?
In this episode of By the Books, Jeffrey and Lindsay welcome Steve Nay of Daybreak Tax to talk about the world of business entities and taxation and tackle the complexities and challenges faced by small business owners.
They discuss why your company\'s name may not be protected, the difficulties in finding knowledgeable accountants, why so many businesses leave themselves open for potential liability, and the benefits and pitfalls of different entity types.
They also discuss the fascinating realm of private equity and the potential opportunities it holds. Plus so much more. Before you register your company, change its name, or even if you\'re currently a business owner, it\'s a must listen to make sure you\'ve set things up correctly.
To connect with Steve, visit: https://daybreaktax.com/
To connect with Jeffrey, visit: payrollguroo.com or call (214) 551-4650
To connect with Lindsay, visit: Sakline.com
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