Texas Business Entity Formation
You are constantly looking for ways to lower costs, improve profitability, and better serve your customers as a business owner. JL Integrated Business Services is a American accounting firm that can help you achieve your business goals by providing timely, relevant, and reliable financial information. We will help you with effective and proven business formation practices.
We can help you with the following Business Services:
- Accounting and Bookkeeping
- New Business Entity Formation
- Business and Financial Consulting
- International Standards Organization consulting ISO 9001-2015 and ISO 14001-2015
- Contract COO
- QuickBooks & Other Accounting Software
- Tax Preparation
- Outsourced Accounting and Bookkeeping
- Board member representation
- Compliance Management
- Management System Consulting
New Business Entity Formation
- Start-ups for small businesses
- Assistance with business formation
- Select entity structure
- Development of a business plan
- Cash flow projections
JL Integrated Business Services will assist new and growing businesses in the United States with forming their business. There are different types of entities to choose from (sole proprietorship, LLC, S-Corp, C-Corp, nonprofit), so we will help you select the best type of entity for your business.
Sole proprietorship does not create a clear legal separation between the business owner and the business entity. A sole proprietor is personally liable if the company is sued or incurs financial debt. As a sole proprietor, you must report business profits as personal income, and you must pay self-employment tax.
LLC, Limited Liability Company, protects your personal assets to ensure you are not responsible for business liabilities. There are also easier record-keeping rules for an LLC. For potential savings, you can also choose whether your tax is paid as an LLC or corporation.
A corporation is a great choice if you plan to issue shares, become public, or become a global business. As a corporation, you are able to attract investors with the ability to offer stocks or entice loyal and exceptional employees by issuing shares to them. S-Corp and C-Corp are the two types of corporations, and we will help you decide which is the best choice for your company.
Nonprofit organizations can apply for state, federal, and other tax exemptions. As a nonprofit, you may be eligible for 501(c)(3) status. Another advantage is that nonprofit’s actions do not produce personal liability for directors and members, so their personal assets are protected.
Do you want a different business name without all the hassle of creating a new company? This is possible by creating a DBA (Doing Business As). It is legally required to register your DBA name if you will not be using your official company’s name. You will be able to open a checking or savings accounts using the name of your DBA.
We will research to understand your business and recommend the best entity type based on the pros and cons of each type of entity to ensure that you are confident in your decision and minimize tax liabilities.