Business Tax Planning

The organization and structure of a company can impact everything from the taxes paid to the liability of a corporate board, president, or small business owner. Understanding the relationship between liability and the amount of direction or control a person has over a company is important when considering the pros and cons of different kinds of business organizations.

The lawyers at Benckendorf & Benckendorf, P.C., evaluate each client’s current situation and long-term goals to take advantage of certain allowances within the law that can reduce taxes and exposure to various types of liability. In most cases, the amount of tax a business or corporation is subject to will depend on whether it is a partnership or an S or C corporation. While certain advantages and disadvantages are associated with each organization type, whether a business intends to grow, operate franchises, or remain in the family will govern what makes the most sense for your company.