Wink Tax Services can help with drafting all necessary documents, creating a Business kit, filing all necessary forms with the State and IRS to obtain Tax ID numbers, publication costs, mailing charges, and employer registration with the State and Unemployment Agency. Choosing your business structure is of fundamental importance. Your business structure is a three step process, first your legal status with the State, second, the kind of business entity you are in the eyes of the IRS — and that means it has a direct impact on how your business is taxed. Not only that, the structure of your business defines which individuals are owners, which people have control of management, which are purely investors, how income and losses are accounted for, and much more. In short, don’t take it lightly. Third registration as an employer, sales and use tax and local taxing authorities. There are several Critical Issues to consider when deciding what type of entity will fit your needs: 1. Asset Protection. 2. Liability Protection 3. Management and Maintenance Costs. 4. Tax Minimization and Management. Oftentimes, when a business owner forms a new entity, they make their selection based on only one consideration. For example, one individual may choose an entity based on minimizing taxes, while another individual will make his/her decision strictly on the basis of asset protection. Although it is true that every person will base their ultimate decision of what entity to operate based on one principal concern, it is important to consider all of the implications. When it comes to choosing a business structure for your company, there are many options you have to choose from. The ten basic business structure types you can choose from are: • Sole proprietorships • Partnerships • Limited Liability Partnership (LLP) • Professional Limited Liability Partnership (PLLC) • C Corporations • S corporations • Professional Corporations • Limited Liability Companies (LLCs) o Taxed as: ▪ Disregarded Entity • Schedule C • Schedule E ▪ Partnership (Form 1065) ▪ C Corporation (Form 1120) ▪ S Corporation (Form 1120S) • Professional Limited Liability Company (PLLC) o Taxed as: ▪ Disregarded Entity • Schedule C • Schedule E ▪ Partnership (Form 1065) ▪ C Corporation (Form 1120) ▪ S Corporation (Form 1120S) • Non-profit businesses Wink Tax will help you with all of these tasks for just a fraction of what other services charge. When you work with us, we'll sit down with you to learn more about your goals for your business and how your business operates so that we can get set up properly.