Business Entity Selection
This is one of the most important decisions that you can make as a business owner. MDP can advise and assist you in choosing the entity type to start your business. We will also look at restructuring your business entity if there are advantages to you. Choosing your business entity has a huge impact on your liabilities, taxes, and reporting procedures. MDP has the knowledge about the options that are available in your entity selection and will take the time to discuss all of your options with you. There are four main selections to think about when choosing your entity: Sole Proprietorship, Partnership, Corporation, or Limited Liability Company.