Posted on September 29, 2018 in Business Formation
At Jones & Associates, PC, I have formed LLC’s, PLLC’s and Professional Corporations. I believe that the first step before you form a corporate entity is to talk to your accountant about the tax implications. LLC’s and PLLC’s are very popular these days due to the tax advantages. However, I believe that the popularity of those entities has driven up the price. It seems like, even if you are a single member LLC or PLLC, then virtually every document that you file is $300. The cost for forming a PC is only $100; however, you are subject to the franchise and exise tax. One you form an entity, then you need to obtain an EIN number from the IRS. Also, it is a good thing to get a Dun & Bradstreet number so that you can start establishing business credit. Should you have any questions, please call us at Jones & Associates, PC, 140 N Ocoee St. #290, Cleveland, TN 37311. Telephone: (423) 424-6208 or by email at Joneslaw08@gmail.com.