Bangerter, Lund and Associates - Certified Public Accountants

Business Entity Analysis

One Entity type does not fit all. We are experts at making sure that you make a good entity choice. Weather you need a Corporation (inc.), S-Corporation, Limited Liability Company (LLC), Limited Partnership (LP), or other entity. We know the laws that will affect you, we can give you the best advantage for your unique situation. Laws vary from state to state so it is important to plan ahead to prevent costly problems with the wrong entity for your company. Here is a very basic description of each of the main entities. Each entity has special tax / filing / reporting requirements specific to that type of entity.

Inc. - Corporation - One of the most common entities, most widely recognized. Includes variations such as S-Corp.
LLC - Limited Liability Company - Business entity where owners enjoy limited liability, but which is not a corporation.
LP - Limited Partnership - a partnership where at least one partner has unlimited liability and one or more partners have limited liability.
General Partnership - Formed with or without a filing, can be created with a simple agreement. All partners are jointly liable.
Sole Proprietorship - A business consisting of a single owner.

This list is intended for information only. You should consult a qualified professional, like one of our staff, to make sure that you choose the best entity for your unique situation.

Bangerter, Lund and Associates - Certified Public Accountants - Certified Public Accountants

Business Entity Analysis