LindaSh
Employee Tax Expert

Business & farm

Congratulations on the success of your business.  There are a number of pros and cons to each type of business structure which may be available to you.  It is recommended that you seek the advise of an attorney and a tax expert who will be able to prepare a tax analysis of your business now along with growth projections.  They will be able to provide you details as to which structure would best fit your financial needs.   So that you can have an idea of what type of questions to ask the attorney, here is a link to an IRS site which is recommended that you read prior to meeting with any such experts:  https://www.irs.gov/businesses/small-businesses-self-employed/business-structures