Certified Public Accountants

Entity Selection & Restructuring

When you are ready to purchase an existing business or you’re thinking about a new company you’d like to start here in the North Bay, you first have to decide which type of organization (or “business entity”) is the right one for your business. There are advantages and disadvantages to each business types, whether you’re considering a C corporation, an S corporation, or an LLP.

At Torkelson & Associates CPAs, LLP our accountants will consult with you on which type of business is most beneficial to your particular situation before you make a final decision. Your business entity has a large impact on your taxes and other liabilities. From your company’s inception through its growth and development, Torkelson & Associates can advise you on choosing an entity type and later restructuring if doing so presents an advantageous situation. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

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