There are particular advantages to C-Corp, S-Corp, and LLCs, but each would need to be explored for your current as well as future business plans. The election of an entity is important for many tax and planning purposes, so Southwest Accounting Pros, LLC works to ensure all considerations are taken for the best long-term results.

According to BusinessDIT, 60% of small business owners don't feel that they are knowledgeable when it comes to accounting. Our accounting consultants are here for you! Please call us today.

Many variables should be taken into consideration. The timing of the business transfer, the advantages to the owner(s), and the benefits and income from the transition are all things that need to be carefully understood. Additionally, laying out a plan for the best results takes time. Our accounting consultants at Southwest Accounting Pros, LLC work with clients to understand all of these considerations while developing plans for the best results.

In reality, today is the best time! Transferring or even shutting down a closely held business has particular planning components that need to be explored. These include asset distribution, benefits planning, income, and taxes. The best timeline is at least three years in advance, but the longer you work with Southwest Accounting Pros, LLC, the more successful your transition to retirement will be. We take pride in the expertise of our accounting consultants.

Typically, closely held real estate businesses should work to diversify their liability due to exposures that may exist with their holdings. LLCs can protect a closely held business owner, but the structure of those LLCs should be made carefully and with future planning involved. For more information, please talk with our accounting consultants at Southwest Accounting Pros, LLC today.

There are many ways a business owner can leverage their business for current and future benefits regarding their income. However, they can also do this with their benefits and retirement. When you work with Southwest Accounting Pros, LLC, we will learn about your current and future needs. We'll also help design plans that take advantage of tax and benefits planning. Our financial services are top-notch!

There are many implications for the transfer, sale, or closing of any business. Closely held businesses are the same. Careful planning for taxation of income, consideration of future potential income and retirement benefits, ongoing business concerns for employees, clients, and family, and particular licensing concerns for professional service businesses all need to be taken into consideration. The best plan is long-term, so the beach should probably wait. Southwest Accounting Pros, LLC is very happy to further discuss our financial services with you.

Within a closely held business, some considerations need to be made. Planning for retirement income for yourself while also making sure your family continues to make a living is only part of the planning process. Southwest Accounting Pros, LLC can help design a long-term plan that takes advantage of tax and benefit opportunities for you and your family. We can speak about all of our financial services when you contact us today.

Although Southwest Accounting Pros, LLC is a full-service accounting firm, we specifically focus on being a full-service accounting and benefits planning firm for closely held businesses. Our background is based in the following industries: Oil and Gas, Real Estate, Professional Services, and Construction. That said, our financial services team is also well-versed in many other sectors.

Southwest Accounting Pros, LLC works on a fixed-fee format with our clients. We do this because we believe in being a holistic accounting and planning firm. The in-depth services we perform are best at serving our clients while not creating concerns about additional hourly charges. Our clients receive some of the top financial services in the area, and they don't have to worry about unknown costs.

As a practice, Southwest Accounting Pros, LLC focuses mostly on closely held businesses. We also work with our owner clients on their personal tax and benefit planning. As a natural extension to taking care of the business, we take care of the owners of those same businesses as well. Please reach out to further discuss our financial services.