KGOB CPAs & Advisors

Entity Creation & Restructuring

Start right. Structure for savings and growth.

The way your business is structured has long-term implications for taxes, liability, and exit planning. We help you choose and implement the right entity design.

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Is This Right for You?

This service is designed for business owners starting a new venture or considering restructuring their existing business. You will benefit most if:

You are starting a new business and need to choose the right entity structure
You are currently a sole proprietor and want to understand LLC or S corporation benefits
You are considering an S election to reduce self-employment tax
You need guidance on multi-member partnerships or multi-entity structures
You want to ensure your entity choice aligns with long-term tax and exit planning

What You Get

Entity Selection Guidance

We help you compare entity options (LLC, S corporation, partnership, C corporation) and choose the structure that fits your business, tax situation, and long-term goals.

  • Tax impact analysis for each entity type
  • Liability protection considerations
  • Exit and succession planning alignment
  • Coordination with your attorney for legal formation

S Election Support

If an S corporation election is right for you, we prepare and file Form 2553 and guide you through the ongoing requirements.

  • S election eligibility review
  • Form 2553 preparation and filing
  • Reasonable compensation guidance
  • Payroll setup coordination

EIN & State Registration

We assist with obtaining your federal Employer Identification Number (EIN) and basic state tax registrations.

  • Federal EIN application (Form SS-4)
  • State tax ID and sales tax registration
  • Franchise tax and annual report guidance
  • Clear explanation of ongoing compliance requirements

State and filing fees are always billed separately.

How It Works

1

Initial Consultation

We review your business model, income projections, and long-term goals to identify the best entity structure.

2

Entity Comparison

We prepare a side-by-side analysis showing tax impact, liability protection, and compliance requirements for each option.

3

Formation Coordination

We coordinate with your attorney for legal formation and handle federal and state tax registrations.

4

Elections & Registrations

We file any necessary elections (like S election) and set up your tax accounts.

5

Ongoing Compliance

We provide guidance on annual filings, franchise taxes, and other requirements to keep your entity in good standing.

What Changes

Functional

Your business is structured correctly, with proper liability protection and tax optimization in place.

Emotional

You feel confident knowing your business foundation is set up correctly from the start.

Strategic

With the right entity structure, you can pursue growth, exit, or succession planning with confidence.

Frequently Asked Questions

Ready to Choose the Right Structure?

Schedule a consultation to discuss your business entity options. We will review your situation and recommend the best path forward.

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