I think you would agree, howard, during
the start-up phase of a new business, it
usually begins as a sole-proprietorship.
There comes a time to ask yourself: When
is the “right time” to put on big-boy pants?
It is very common for a business to begin as a
sole-proprietorship, HOWEVER, it’s NOT common
to remain a sole-proprietorship if the owner has
plans and intentions to grow and develop it into
a substantial & stable business.
QUESTIONS:
▪ Is it time YOUR business becomes a “legal entity?”
▪ How can you tell if now is the right time?
The most common types of entities are Limited
Liability Companies (LLCs) and Corporations
(either a C-Corp or S-Corp).
MORE QUESTIONS:
▪ How different are LLCs and Corporations?
▪ How different are C-Corps and S-Corps?
▪ Which is better? Under what circumstances?
▪ Is the answer important?
How important?
Why is the answer important?
▪ Are there tax conseque nces?
Are the consequences Good or Bad?
READY FOR SOME HONEST ANSWERS?
HOW ABOUT HONEST AND EASY ANSWERS?
We’re going to demystify this complex subject
It all for you coming SUNDAY evening, Nov. 24.
First the details, then a little backstory…
TITLE:
“Is 2020 the Year YOUR Business Matures?”
DATE:
Sunday, Nov. 24 (this coming Sunday)
TIME:
6pm Pac; 7pm Mtn; 8pm Cen; 9pm Eastern
WHERE:
Online (preferred) or by Phone
LENGTH:
About 45-60 minutes
COST?
Free. We don’t charge for informational briefings.
HOW TO REGISTER:
Just Click HERE
A LITTLE BACKSTORY, just for fun –
Our presenter is one of my most highly
ranked (by past attendees) guest speakers
who comes back once or twice a year to
share his wisdom with my “tribe” [isn’t that
a term we recently “culturally appropriated”
from Native Americans?]
But I digress…
Scott Burnett, Esq, pres. of Burnett & Assoc.,
is an EXPERT in Business Entity consulting,
entity formation and legal compliance. He is
especially well known and popular with home-
based business owners, including networkers.
Scott and I have been both business colleagues
and personal friends for years! Here’s a little
“insider’s commentary” about Scott…
It is true, he is a lawyer, but don’t hold that
against him for several reasons. (a) he actually
has a personality, (b) he is a very likable guy
(no kidding!), (c) he speaks Plain English, not
legalese (unless he’s required to, such as in
a courtroom), and he’s frankly f unny (in a
good way, despite the lawyer reference).
If you think our topic for Sunday evening
sounds “important, but maybe a bit dull,”
you haven’t met Scott Burnett, yet.
LET ME EMPHASIZE that this is a this is
a very important topic for anyone whose
small business is already successful, or
is becoming successful, or is going to be
successful.
READ THIS:
Here is something Scott may not mention
(but I will). If you are a tax audit worrier (and
most small business owners are), as soon as
you Incorporate your business, your audit risk
drops like a rock! I am living proof of that.
Being Incorporated puts an END to auditors
“speculating” and whining about whether or
not you have a “profit intent.” You no longer
have to “prove” that you are “running your
business like a business.” No auditor will
ever again question how much time and
effort you put into your business.
That’s not to say you will never be audited, but
if you are (a) it will be a rare occurrence, and
(b) you will be treated with far more respect.
**Not a reason to incorporate, but certainly
a nice side-benefit.**
Hope you will join me on Sunday. Here are
the details once again…
TITLE:
“Is 2020 the Year YOUR Business Matures?”
DATE:
Sunday, Nov. 24 (this coming Sunday)
TIME:
6pm Pac; 7pm Mtn; 8pm Cen; 9pm Eastern
WHERE:
Online (preferred) or by Phone
LENGTH:
About 45-60 minutes
COST?
Free. We don’t charge for informational briefings.
HOW TO REGISTER:
Just Click HERE
Still Helping Tax-Smart Small-Business
Owners to SAVE a BUNDLE,
Ronald R. ‘Ron’ Mueller, MBA, Ph.D.
Author, Speaker & Small-Business Tax Educator
www.HomeBusinessTaxSavings.com