Choosing a business entity is so important when starting a business because it impacts dramatically on both the legal protection that the business entity affords and also on your tax consequences. So you have to have a competent attorney to assist you in making these decisions. Because if you don’t, then you’re going to pay more taxes then you should and you’re not going to have the protection that you need in order to properly operate the business. I’m Jeff Matsen and I’m the founding and managing partner of Wealth Strategies Counsel. We help people preserve, protect and transfer their legacy to the next generation in the most cost saving and efficient manner possible.
