Entity Selection

When starting a business, one of the first and most important decisions you’ll make is choosing the appropriate business entity.
This decision affects how you file income taxes and how you manage business expenses and revenue.

Below are links to IRS resources that explain the most common types of business entities:

• Sole Proprietorships

• Partnerships

• Corporations

• S Corporations

• Limited Liability Company (LLC)

Understanding your entity options can be complex. Arlyce Cleveland, Ltd. is here to help you evaluate each structure,
explain the pros and cons, and guide you in setting up accounting, bookkeeping, and payroll services tailored to your chosen entity.