Choosing the structure of your construction company
Manage episode 319899153 series 3314227
Sole proprietorship? LLC? Partnership? S-Corporation? When it comes to structuring your construction company, there are multiple options with various tax and liability implications. Don't rely on an internet search or what you heard from a friend or relative to decide what will work best for you.
This week we're talking about the options you have when structuring your business. We cover:
- How the structure you choose can affect the way you're taxed
- How the type of business entity you choose affects liability and asset protection
- How what's right for you may vary by industry, location and other factors
- Why it's important to work with a professional to make these decisions and how to get started
Visit the episode page at contractorsuccessforum.com/structure for more details and a transcript of the show.
ADDITIONAL RESOURCES
- Visit https://contractorsuccessforum.com/managing-your-job-files/ to read more about structuring your job files.
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Rob Williams, Profit Strategist | IronGateESS.com
Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | McWins.com
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Wade Carpenter, CPA, CGMA | CarpenterCPAs.com
Stephen Brown, Bonding Expert | SuretyAnswers.com
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