Business entity optimization
for entrepreneurs
You focus on your business.
We handle your taxes.
Company entity types for small business
The type of your business entity determines the tax rules you must adhere to. These are the most frequently used forms of business entities for small enterprises in the United States.
- One owner.
- You need to report your business income on your personal tax return. In addition, you must pay any applicable self-employment taxes.
- Independent contractors, freelancers, and other solo professionals.
- One shareholder or more
- C corporation
- S corporation - C corporations file their own tax return and pay taxes on their income, while an S corporation is a pass-through type of entity.
- Companies with complex ownership needs, franchise, and family-owned businesses.
- Two partners or more:
- General Partnership (GP)
- Limited Partnership (LP)
- Limited Liability
- Partnership (LLP) - Partnerships don't file separate tax returns. However, as a partner, you must report your portion of the company's income on your personal tax returns.
- Small businesses with two or more owners who want to share responsibilities.
- One owner or more:
- single-member LLC
- multi-member LLC
- The LLC combines the benefits of ownership with the personal protection that a corporation offers. You can choose to file taxes as a corporation or a pass-through business entity.
- Small business owners who are seeking personal liability protection.
Choose the best business
structure for taxes
The best business structure for a small business is the one that supports your growth and increases your profit.
Talk to TFX tax professionals to select an optimal entity type for setting up or restructuring your business.
- phone consultation on business entity types with a tax pro
- discussion of your situation and goals
Trusted by thousands of businesses
Why choose TFX for business taxes?
Personable tax service
+80 accredited and experienced CPAs, EAs and JDs take the reins of your case. Always on standby to help you.
Exceptional accuracy
Our supervisory team rigorously verifies each form, ensuring your tax documents are 100% accurate.
Smooth filing experience
User-friendly tax questionnaires and seamless communication. With TFX, small business tax filing is simple.
Top-rated tax preparation firm for small businesses
TFX customers appreciate our high-quality work, expertise explained in plain language, and outstanding customer experience. Working with our team of experts, you will always feel at ease.
Your hassle-free tax filing is our business
Save your time and energy for what matters most:
your customers, your employees, and your growth.
Partner with TFX to take care of your tax compliance.
