New Entrepreneur Tax Planning

The following is a sponsored review. When you set up your own new business, often times you're faced with the challenge of what you want to operate your business as. It may be a partnership or even a sole proprietorship. It's extremely important, as the type of business you operate as will determine how you handle your tax situation. At the following S Corporation site they discuss the dangers of being in a sole proprietorship or partnership. Stephen L. Nelson CPA, MBA and MS also explains the S corporation advantages. There's several articles on the site including Tax return preparations, setting salaries for the owners of S corporations and a comprehensive Frequently Asked Questions section. Most importantly the site features $49 "do-it-yourself" kits to set up a S corporation in any state. It's definitely worth a look for entrepreneurs who are trying to figure out the best and most economical ways to set up their business venture.