Entity Selection & Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Accurate Bookkeeping & Tax Services Inc can advise you on choosing an entity type and later restructuring, if needed. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Our Services

We can provide in depth analysis for:

  • Tax liability planning and projections
  • Tax implications of your entity type
  • Tax implications of restructuring
  • Tax planning for future maintenance of entities
  • Tax planning for ownership succession

Common Entity Types

Sole Proprietorships

  • A business run by one individual
  • The owner is personally responsible for assets and liabilities


  • Ideal for large businesses
  • Limited liability exposure
  • No limit to number of shareholders


  • Ideal for small businesses
  • Limited liability exposure
  • Limit on number of shareholders


  • A business owned by two or more partners
  • Partners are responsible for assets and liabilities
  • Partnership entities include: general partnerships (GP), limited partnerships (LP) and limited liability partnerships (LLP).

Limited Liability Companies (LLC)

  • Operational flexibility
  • Limited liability exposure similar to corporations