Tax strategy for the business owner

When I started my advisory business back in 2008 I was told that I needed to structure the company as a S Corporation. This was primarily driven by compliance and liability reasons but it has also helped in regards to taxes. If you are a small to medium size business owner how you structure your company is an important consideration so you maximize legal tax benefits and avoid paying more than you need to. Here is a good primer on the various structures from Small Business Trends.