Should My Business Incorporate or Form an LLC? (Bakersfield, CA)

Should My Business Incorporate or Form an LLC?

Should My Business Incorporate or Form an LLC There are many benefits to incorporating your business. Personal asset protection. Both corporations and LLCs allow owners to separate and protect their personal assets in the event of a lawsuit or claims leveled against a business entity. Additional credibility. Adding Inc. or LLC after your business name can add instant authority. Tax flexibility and incorporation tax benefits. Though profit and loss typically pass through an LLC and get reported on the personal income tax returns of owners an LLC can also elect to be taxed as a corporation. Deductible expenses. Both corporations and LLCs may deduct normal business expenses including salaries before they allocate income to owners. We offer assistance forming Incorporation (S corp C Corp) Limited Liability Company Limited Liability Partnership Sole proprietorship Non Profit and Federal Tax ID. Call to schedule your appointment (661) 631-2420 or Visit 400 Chester Ave. Bakersfield CA 93301. Mon-Fri 9 00am-6 00pm Sat. 11 00am-3 00pm. LDA 111