Choosing the right business entity is an  important decision for any entrepreneur. It can influence everything from liability protection to taxation and growth potential. Many business owners start their journey informally, often as sole proprietors or default partnerships, but, as the business grows, seeking expert advice to establish a formal entity becomes essential to protect assets and optimize operations.

Managing taxes can be challenging as a sole proprietor! By taking advantage of available deductions and credits you can significantly lower your taxable income- but knowing if you qualify, planning ahead and keeping compliant records isn’t always top of mind with everything else you have to do while running a business.