The Best Business Structure for Bookkeeping & Tax Practice

07 Apr The Best Business Structure for Bookkeeping & Tax Practice

One of the most frequently asked questions of business owners is regards to their corporate structuring, such as corporations, LLCs, partnerships or otherwise. Find out about the best business structure for bookkeeping and tax practices with help from a money expert, sought-after speaker, best-selling author and President and CEO of Live Out Loud, Inc. in this free video clip.


3 Comments
  • Malcolm
    Posted at 20:28h, 08 April Reply

    Loral,

    Great start on this information! And this IS my biggest question as I start adding decimal points to my income and cash flow.

    Do you offer or recommend a resource on this topic? Upcoming webinar?

    In your millionaire maker book (fantastic BTW), the business structures just roll out, but I cannot follow the logic of why one was chosen over another, which is a stumbling block for me. This video, which indicates distribution as a, or the, key element is helpful. But in your book, you do things like put one or more business structures inside another business structure… I am lost!

    And frankly, most “professionals” are relatively clueless about this issue.. in some (many?) cases they know less than me… but yet they charge $200 an hour to put it together. How do I screen for credibility amongst the professional wanna-bes?

  • Patty Connolly
    Posted at 22:27h, 08 April Reply

    I’m completely on board with your comments, Loral. Structuring our family’s handyman business with an LLC, as opposed to a Sole Proprietorship has resulted in significantly greater ROI for every dollar we have invested to grow our business. The resources made available to us through your Live Out Loud community have allowed us to avoid what could have been costly mistakes. We have learned the ins and outs of entity structuring for the purposes of our business, and have been able to delegate the tactical aspects of ensuring that the entity performs as intended to these resources as well. This allows us to focus on other important aspects of being a business owner. Thanks to you and your team!

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