Successful Female Entrepreneur
Tatum Sherman is a business woman, and she is the head of her own company, Resource Referral, which is a New Jersey-based staffing concern. If you want to follow in her footsteps and establish your own company, you have to consider the tax and asset protection ramifications. There are various different business structures that can be utilized, and you can explore your options if you speak with an attorney or a fully qualified business accountant. One possibility is the structure called a limited liability company.
When it comes to the tax man, a limited liability company provides something called flow-through taxation. You can claim profits and losses from your business on your own personal tax returns, and this streamlines your tax situation. A successful entrepreneur like Tatum Sherman is invariably going to accumulate a significant store of wealth. We live in a litigious society, so asset protection is a source of concern for many business owners. If you were to establish a limited liability company, your own personal assets would be protected from the actions of your company. Tatum Sherman may inspire you to great heights, and if you become a successful entrepreneur in your own right, you may want to consider a limited liability company as a relatively simple but highly effective business structure. However, there are other possibilities to consider, and incorporation is one of them. If you discuss your situation with an attorney or a business accountant, you will become apprised of your options, and you will be in a position to make fully informed decisions. Visit: tatumsherman.wordpress.com Comments are closed.
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November 2016
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