How can Harry Jernigan CPA Attorney, P.C. help my business?

Harry Jernigan CPA Attorney, P.C. handles a variety of corporate problems for clients from incorporation to dissolution, and any issue that comes up in between. The decision whether to form a corporation is important for small business owners. Sometimes the costs of incorporation cannot be justified for a small business. Other forms of existence are available, such as partnership, sole proprietorship, and limited liability corporations. If one chooses to incorporate, they must decide what form they will take - 'C' corporation or 'S' corporation. An 'S' election is available under limited circumstances and avoids the problem of double taxation of earnings, as corporate earnings pass through to the shareholders that are taxed on the earnings. After a corporation is formed or a business is started, that business must remain in compliance with state and federal laws in addition to running the day-to-day operations of the business. A business should have an attorney they can contact should they have questions about staying in compliance with laws or if situations arise in the daily operations that may subject the business to liability. Finally, when an owner is ready to cease involvement in the business, there are several options available. A sale of the business can be arranged, or the business can be dissolved and parts of it sold. It is important for a business owner to consider the consequences of whatever course of action he or she decides to take, including the tax effects of the decision. It is important for a business owner to consider the consequences of whatever course of action he or she decides to take, including the tax effects of the decision.

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