Often when entrepreneurs in Rapid City and throughout South Dakota come to us, they first ask about entity selection. We take the client through a series of questions to determine the type of entity that would be appropriate for their needs. We take into consideration that the business may grow, and need flexibility. We acknowledge that setting up different types of entities can result in more paperwork than others. We will walk through the difference between an S Corp, C Corp, Sole Prop, and even a partnership. We will explain how the LLC can choose how it wants to be taxed, and evolve as your business grows. We will explain how the LLC can convert from being taxed as a Sole Proprietorship into an S Corporation. We make sure you understand that although an S Corporation may be more beneficial from a tax standpoint, it could create accounting fees that exceed that benefit.
But Wait, that's just the beginning. We can help you navigate through every aspect of starting your business. We also provide business solutions including back office support. Need a business plan? We can help.
Call us today at 605-646-3585, we would love to meet with you in our Rapid City, SD office or over the phone to discuss your business start up needs. We have many years of experience working with entreprenuers like yourself. We will put you in the best possible position for success. Get started and keep more of what you earn by visiting us in our Rapid City, SD tax office.