Email Our Firm

Tax planning during the business formation stage

There is a lot more involved with the process of starting an Oregon business than many entrepreneurs realize. While a good idea and a certain set of skills is a major part of launching a new company, there are both legal and financial considerations during the business formation process. Tax planning during these initial stages is especially important, particularly in terms of choosing the right business entity.

Taxes are an unfortunate but inevitable part of doing business. Knowing what to expect and planning for it from the beginning can help avoid surprise expenses in the future. Entrepreneurs will also want to consider how their personal and professional taxes, as well personal and professional liabilities, will be impacted by their choice of business structure. Starting a company is an investment, and smart choices in the beginning can help protect that investment.

An LLC is one of the most popular choices for business entities, but there are several different types of LLCs. Factors that will impact a decision include how many owners the business has, how owners will share the profits and more. While it is possible to change a business structure in the future, it can be complicated and come with certain consequences.

Business formation is an important stage in the life of an Oregon business. When choosing the structure and planning for taxes, it is best to think long-term. Before making any important choices that will impact the life of a company, an entrepreneur may find it helpful to speak with an experienced attorney regarding the option that makes the most sense for the individual business.

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. “Your business model is such a fresh approach to the way legal services are typically delivered.”

    President, Manufacturing
  2. “Phil will help you understand the process you are going through, and is very passionate about your needs and situation.”

    Generva
  3. “Phil, responded to my numerous questions promptly and completely. Very reasonable rates, no overbilling. Kept me informed of progress.”

    Larry
  4. “Ben legally clarified the language in my contracts without turning them into super verbose mumbo-jumbo.”

    Kevin L.
  5. “Everyone, that I've interacted with is professional, knowledgeable, forthcoming with information and educating and caring.”

    Alanna C.
SEE ALL TESTIMONIALS

425 NW 10th Avenue
Suite 200
Portland, OR 97209

Toll Free: 866-280-7562
Phone: 360-258-1268
Fax: 503-417-4250
Map & Directions