Entrepreneurs

As an entrepreneur you should always be concerned with the separation of your assets and liabilities. Not only does your company have liability but you do as well. Do not wait until it is to late to protect yourself.

Depending on the type of business you are conducting, CFN will advise you on the best options for structuring so that you will have the most protection possible and best tax situation allowable by the law.

There are many advantages to forming a legal entity for your business. The easiest way to understand legal structures is that they are seporate from you as an individual. Therefore, owners are protected from the liability of company debts and obligations. Legal entities have a reliable body of legal precedent to guide owners and managers and can more easily raise capital for business activity. An entity is required if you are perhaps looking to become public in the future. Many entities can easily transfer ownership through the transfer of securities. It is even possible to have unlimited life surviving death.

Perhaps the most attractive of all are the tax benefits. Note that some entities operate as pass through to the individual shareholders and C Corporations act as "Stand-Alone" companies.

There are advantages and disadvantages to each type of legal structure. It is important to consult with an advisor before selecting which type is correct for your business.

There are many options and services within CFN. Once you have chosen the correct structure for your business, you may consider having a knowledgable professional file your taxes each year and prepare your quarterly tax estimates. Or, you might find that establishing or increasing your business credit for future investment capitol might play a promising role in your business's future.

Do you have retirement accounts you would like to have more control over? Consider rolling those accounts over to a self-directed account to open up your investment capabilities!

Here at CFN we specialize in all of the above.