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Starting a new business requires you to make a series of financial decisions that can affect the profitability of your business down the road. Navigating the path to success is much easier when you have access to dependable financial guidance from an accounting professional. As your trusted business advisor, AD Sharma, can help get your business off to the right start.

AD Sharma understands the unique tax and legal implications of various business entities. We can help you select the best form of incorporation for your company with an eye toward minimizing tax liability, and maximizing profits in the years to come.

Establish The Business Types

Here are some of the business types we have helped establish throughout the Northern New Jersey area:

  • Limited Liability Company:

    Similar to a corporation or a partnership, an LLC protects owners and members from personal liability for the company’s financial obligations. For tax purposes, an LLC is treated as a non-corporate business.

  • Limited Liability Partnership (LLP):

    An LLP includes general partners with management authority and limited partners who invest cash in the company. While general partners have personal liability for the firm’s obligations, limited partners are liable only for their investments. An LLP is commonly formed with a C or S corporation as a general partnership and is not a separate tax-paying entity.

  • C Corporation:

    Because a C corporation is a separate legal entity, owners and shareholders have no personal liability for the company’s financial obligations. The business is taxed on its income, and shareholders must pay taxes on dividends and income they receive.

  • S Corporation:

    Like C corporations, S corporations are separate legal entities, but they differ in that the corporation itself is not taxed. However, a company must meet strict legal requirements to qualify as an S corporation.

Get Expert Help with Your Business Incorporation Needs.From developing a practical business plan to filing the appropriate documents, AD Sharma, has the experience to handle all your incorporation efforts. Request a free consultation online, or call us today at +1-201-668-1774. We look forward to helping get your business on the map!