Many new businesses begin with a simple structure. This has the advantages of minimizing legal complications and interference. As a business grows, however, those benefits may be outweighed by the advantages of a different business structure. Sole proprietorships may evolve into limited liability companies or S corporations. S corporations or LLCs may evolve into C corporation. All of these can lead to unforeseen legal or tax complications and difficulties.
We have assisted business owners with entity conversions and other growing pains of their businesses.
Please contact us for more information.