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 choose 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 choose your business entity, tax structure, and accounting, business, and  management software.  We will help you with everything to get your business up and operational
• Small to 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