Category Archives: Tax

Statutory Close Corporations in Georgia

Certain licensed individuals or groups can elect to practice as a professional corporation. My personal business is organized in the State of Georgia this way. The specific rule in Georgia is O.C.G.A. § 14-7-1. Please note that I am not licensed … Continue reading

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Advantages and Disadvantages of a Limited Liability Company

What entity structure do you choose? A lot of the time a Limited Liability Company is a good fit, but make sure you know and trust your partners. Below are some advantages and disadvantages. Advantages A limited liability company can have … Continue reading

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Business Structures

There are several ways to structure your new or existing business.  Some are easy, others have tax and liability advantages. Here are the basics: Sole Proprietor This is a business owned and operated by one person. A sole proprietorship is … Continue reading

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Filing An Income Tax Extension

As the March 15th S-Corp and 1065 deadline approaches, you may need to file an extension.  Corporations and individual tax returns are due April 18th this year. Filing an extension for your business return will also most likely mean you will … Continue reading

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