Bad Tax Advice Can Cost You!
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Bad advice can cost you big time. Corporate structure is essential to choosing your formation when you’re setting up a new business. We had a client come in after they had been set up into a particular structure that was not advantageous for them because the CPA prior hadn’t collaborated with the client and the attorney.
They created a real big problem for them. We had set them up in an S corporation and then we were able to proactively mitigate a lot of that tax through financial planning and some other options for them, but essentially they could have avoided that if they had just been set up with the right structure from the beginning.
Long-term planning is critical. If you’ve got concerns, give us a call.
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