LLC Business Entity for Your Start Up or Small Business? Lean on the Experience of an Award Winning Pittsburgh CPA Firm

The LLC is a hybrid between a partnership and a corporation and may chose its tax structure.

The limited liability company (LLC) is a hybrid between a partnership and a corporation, providing the liability protection of a corporation, with the advantage of being treated as a partnership.

A multi-owner LLC, LLP, or partnership is automatically taxed as a partnership by default, but may choose to be taxed as a C corporation or S corporation. This is easily accomplished by filing a document called an election with the IRS. Once this is done, as far as the IRS is concerned, the LLC, LLP, or partnership is now the same as a corporation and it files the tax forms for that type of entity.

Dennis Piper & Associates Provides Business Consulting for Start-Ups and Small to Medium Businesses

• Business Start-Up Consulting: Lean on our expertise as you chose your business entity, tax structure,and accounting & business management software.  We'll help you with everything to get you business up & operational
• Small - Medium Businesses: Have you outgrown your existing Accounting and Tax Service Provider?  We provide auditing services as well as complex tax & business consulting.

Understanding Business Tax Entities:

• C Corporation
• S Corporation
• Partnership
• Limited Liability Company
• Individual / Sole Proprietor