Small Business Setup
Sole Proprietorships
Partnerships
Corporations
S Corporations
Limited Liability Company (LLC)
A small business is any business that contains a small amount of employees
A small business is any business that contains a small amount of employees and often receives less general revenue than a regular sized business or corporation. Small businesses vary on terms of the type of business they are. This can range anywhere from accounting services, to a simple day care service. Each will have their own requirements on terms of certifications and licenses.
If you own a small business and are looking for help with financial management, payroll services, or general accounting, we would be glad to help. We want to keep our small businesses running smoothly and ensure that your finances are kept on track to be successful.
Entity structuring and analysis for small businesses involves determining the best legal structure for your business. This decision impacts various aspects including taxes, liability protection, and management flexibility. By analyzing factors such as the nature of your business, growth plans, and risk tolerance, you can select the most suitable structure. Common options include sole proprietorships, partnerships, limited liability companies (LLC), and corporations. Each structure has it’s own benefits and considerations. For example, an LLC provides liability protection and tax flexibility, while a corporation offers a more formal structure and potential tax advantages. Professional guidance from experts like Denson and Co., LLC can help assess your specific needs, conduct a thorough analysis, and guide you in choosing the optimal entity structure for your small business.
Entity structuring and analysis
Partnership Agreements
A partnership agreement is a legally binding contract between two or more individuals or entities who want to enter into a business partnership. This agreement sets out the terms and conditions that govern their partnership. This partnership includes each partner’s rights, responsibilities, and obligations. It covers various important aspects such as the distribution of profits and losses, decision-making processes, roles and responsibilities, capital contributions, dispute resolution methods, and the duration of the partnership. Partnership agreements are crucial as they establish clear expectations and guidelines, help prevent misunderstandings or conflicts, and provide a solid framework for the partnership’s operations. It is advisable to seek the assistance of legal professionals, such as Denson and Co., LLC to draft a comprehensive partnership agreement that aligns with the specific needs and goals of the partners.
An operating agreement is a key document that outlines the internal workings and structure of an LLC. It establishes the rights, duties, and relationships of the LLC’s members and managers, as well as important operational and financial provisions. Operating agreements typically cover topics such as member contributions, profit and loss allocations, decision-making processes, voting rights, management roles, and dispute-resolution mechanisms. Consulting with professionals, like Denson and Co., LLC can be valuable when creating or reviewing an operating agreement. Our expertise in legal and business matters allows us to provide guidance on drafting comprehensive and customized operating agreements that align with the unique needs and goals of the LLC. A well-drafted operating agreement can provide clarity, protect the interests of all parties involved, and ensure the smooth operation and management of the LLC.
Operating agreements and consulting
Why Businesses and Individuals Choose Us
Denson & Co., LLC is a reputable and well-respected consulting firm located at Corporate Plaza, 771 Corporate Drive Suite 1050 Lexington, KY 40503. that provides various tax services. The firm is equipped with a group of proficient and experienced professionals who are capable of helping businesses regardless of their size.
These are the other excellent tax services of Denson & Co., LLC:
- Business Consulting
- Tax Consulting for Individuals
- Tax Consulting for Business
- Bookkeeping
- Payroll
- Cost Segregation Study
- Estate Planning
- Retirement Planning
- IRS Audits
- Small Business Setup
- Real Estate Investing
- 1031 Exchanges
- Business Setup
- Entity Structure Analysis
- Operating Agreements
- Partnership Agreements
Contact us today to book an appointment. We’re glad to assist you!
