Making Life Less Taxing
Give Us a Call Today: (817) 430-3000

Business Structure Consultants

business structure consultants

As professional business structure consultants, Chandler & Knowles CPAs can help you through the initial structuring of a business or help you change the structure of your current business. Your business structure determines the way your business is taxed, and the type of corporate structure you choose can bring both financial benefits and disadvantages. Our consultants can help you decide which type of corporate structuring will provide the most benefits and result in the least amount of disadvantages or tax liabilities to you and your company.

Choosing Your Business Structure

Types of business structures or entities include:

  • Sole Proprietorship
  • Limited Liability Company (LLC)
  • C Corporation
  • S Corporation
  • Partnership

Read more about entity selection and learn the different types of corporate entities and their benefits.

Common Changes in Business Structure

Changes in your corporate structure are often needed with growth and after a buyout, merger or change in ownership. Adding or eliminating a partner is a common occurrence that can require a change in tax structure. Here are some common changes in business structuring that we help our clients through:

Going from a C Corporation to an S Corporation:

We often advise and help clients through the process of changing from a C Corporation to an S Corporation to avoid double taxation. C Corporations pay taxes on their profits, and the owners or stakeholders of the company must also pay taxes for their earnings from the business on their personal tax returns. Owners and shareholders of S Corporations only pay taxes on their income reported on their individual tax returns.

Going from an LLC to a Corporation:

Owners of LLCs may want to become corporations as they grow. There are a number of reasons to do this, two of which are to attract investors and to share equity. The process involved in making this switch varies by state. In some states a corporation must be formed in addition to the LLC in order for the change to be made. In Texas, an LLC can be converted directly into a corporation. There are also one-time tax consequences as a result of this conversion that we help our clients work through.

Going from a Partnership to an LLC:

This is similar to going from a sole proprietorship to an LLC. Business partners decide to form an LLC for the same reasons an individual might: the owners aren’t personally responsible for debt and other liabilities the company may incur, the company will survive the death of either of the partners, and the partners can avoid double taxation.

These are just a few of the possible scenarios for changing a corporate structure. If your business is still in the idea phase, or if your company is experiencing a change in ownership, growth or suffering from financial or tax burdens, the consultants at Chandler & Knowles CPAs are happy to discuss corporate structuring with you and help you determine the best business structure to move ahead with as much financial and tax benefit as possible.

Speak with a Professional Business Structure Consultant Today

Contact Chandler & Knowles CPAs today by filling out our form or calling us at 817-430-3000, we’d be happy to meet with you in one of our two offices in Flower Mound or Addison, TX to discuss the best type of corporate structure for your business and help maximize your income.

Our Services:

Spread the Word:

Client Testimonials:

"I recommend Chandler & Knowles CPA's without hesitation, and we look forward to working with Rochelle, Kristy and the rest of the C&K staff for another 7 years and beyond!"

~ Tony Rex, CEO of Medical Experts of Texas, P.A./Premier Inpatient Management Services, LLC

They are a great company to trust with all of your tax needs. They are good people and I enjoy my relationship with them. And it truly is a relationship, not just a service I use once a year.

~ Rick Schenck, UPS Business Owner

Great people. Effective. Efficient. Competent. Unlikely you would find a better, or even equal, CPA firm in the DFW Metroplex, and likely in the State.

~ Todd Benton

"The staff at Chandler & Knowles CPAs could not be better! They are always friendly, accommodating, and efficient. Their quick return/response time is greatly appreciated, as customer service is an uncommon practice during this day and time."

~ Tracy Richards

Related Pages & Posts:

Types of Insurance For Your Business

Dec 14, 2017

When you own a business, you work hard to protect it every day. You do your best work and market it to gain new customers. You make sure that it continues to grow on a regular basis. Are you doing all that you need to do? Do you have business insurance? You should. Here are…

Read More

Are Your Employees Benefiting From Your Employee Benefits Package?

Nov 22, 2017

  When many people hear the words “employee benefits”, they only think about the employee getting all the benefits, but this is not true. Many small business owners make thedecision to not implement an employee benefits program because they believe they cannot afford it, and they also believe that they will not obtain any benefits…

Read More

Are You Ready To Create Your Employee Benefits Program?

Oct 19, 2017

Businesses consider various things when it comes to providing employee benefits. These employee benefits will typically be managed by the employers themselves, but sometimes the employees will be asked to make copayments or pay premiums in order for them to enjoy the extra benefits and coverage. An employer will offer various benefits to their employees…

Read More

Why Explainer Videos Are Great Digital Marketing Tools for Small Business

Sep 21, 2017

Is your product or service complicated? Do people need to read instructions before they can use it or put it together? If that sounds familiar, your company may benefit from creating an explainer video that shows viewers how to use the product step-by-step. An explainer video is a short video that explains how your company’s products work…

Read More

3 Free And Effective Business Startup Marketing Tactics to Try

Sep 14, 2017

If you are like the overwhelming majority of entrepreneurs, you might not have a cushy amount of startup capital with which you can spend to launch your business. And if this is the case, it is understandable that you would be looking for different ways to cut down on the costs of marketing your brand…

Read More

3 Things to Implement Into Your Digital Marketing Strategy For Brand Building

Sep 7, 2017

One of the end goals of virtually every business, no matter how small or large, is to build a ubiquitous brand identity and a powerful, easily recognizable public image. The good, but understandably daunting news is that there is no end to how you can do that. In this day and age, digital marketing is…

Read More

How Are You Creating Your Employee Benefits Program?

Aug 31, 2017

The benefits that are offered to a job candidate can ultimately be the deciding factor in whether they will accept the job position or decline the job position. Employee benefits are generally one of the biggest expenses you will have as a business owner. You have so many things on the line as a business…

Read More

Digital Marketing for Your Start-Up Business

Aug 17, 2017

Having a start-up business is a lot of work, and one of the most important steps is marketing. Marketing your startup business is crucial if you want customers and success. There are many options when it comes to marketing. The best plan is to have a variety of methods to market your business. You will…

Read More

6 Digital Marketing Trends That Small Business Must Follow

Aug 10, 2017

What almost every small business owner understands is that digital is providing people with whole new ways to consume media. As a result, many traditional marketing strategies are not having the same impact as they once did. However, things seem to be moving so rapidly, the question becomes, “Which digital marketing trends should small businesses focus their…

Read More

The Top Employee Benefits That Millennials Want From Employers

Aug 3, 2017

For many Millennials, it is not always about the money. While the salary is important over the lifespan of any career, it is not the sole motivator for many, especially Millennials. Many will factor benefits and incentives above salary. In many parts of our economy, it is a job seeker’s market. Therefore, qualified Millennials have options.…

Read More