Get in Touch

From LLCs to Corporations
We Simplify Your Business Formation!

Struggling with complex business structures and stakeholder management? Our corporate structuring services simplify the process, boosting value and guaranteeing smooth operations. With extensive market knowledge, we tackle your business challenges head-on. Find the right balance with J. Glover Financial Services!

Talk to a Business Structure Consultant!

Did You Know Professional Business Structuring Can Save You from Costly Mistakes?

Doing your business structuring on your own might seem like a way to save money, but it often leads to expensive mistakes. Each business structure has its own pros and cons.

Without professional help, you might face legal problems, financial penalties, and inefficiencies.

Our business structure consultant, with over 25 years of experience, can make this process simple and ensure your business is set up correctly for success. Don’t risk your business’s future. Trust our experts to guide you and build a strong foundation for long-term success.

Explore the Right Business Entity for Your Needs

The right corporate structure ensures tax efficiency and protects your business and personal assets from creditors. Our experts help you find the perfect fit for your goals and industry.

  • Sole Proprietorship: A sole proprietorship is an unincorporated business owned by one person. If you are the sole member of a domestic limited liability company (LLC) and elect to treat the LLC as a corporation, you are not a sole proprietor.
  • Partnership: A partnership is a relationship between two or more people to conduct trade or business. Each partner contributes money, property, labor, or skill, and shares in the profits and losses of the business.
  • Corporation: In a corporation, prospective shareholders exchange money or property for the corporation's capital stock. A corporation is a separate tax-paying entity and can take special deductions. It experiences double taxation: Profits are taxed at the corporate level and again as dividends to shareholders. Shareholders cannot deduct corporate losses.
  • S Corporation: An S corporation elects to pass corporate income, losses, deductions, and credits through to its shareholders for federal tax purposes. This allows S corporations to avoid double taxation. Shareholders report income and losses on their personal tax returns and are taxed at individual rates.
  • LLC (Limited Liability Company): An LLC is a business structure allowed by state statute. Owners, called members, can include individuals, corporations, other LLCs, and foreign entities. Most states permit single-member LLCs. However, certain businesses, like banks and insurance companies, generally cannot be LLCs. LLCs must comply with state and federal regulations.

What can Happen When you Choose the Wrong Business Structure?

  • Without proper structuring, your personal assets could be at risk if the business incurs debt or legal issues.
  • The wrong entity can result in higher taxes and missed opportunities for tax benefits.
  • Inadequate structuring can limit your ability to attract investors or secure financing.
  • The wrong business structure can lead to complex management issues and hinder business growth.

Act now to avoid costly legal and financial mistakes with your business structure. Choosing the wrong setup can lead to serious problems down the line. Contact our experts today to get the right guidance and secure your business’s future!

Secure Your Business Today

The Importance of Choosing the Right Business Structure

Secure Funding and Investments

Position your business to attract funding, whether through debt or equity.

Enhance Operational Efficiency

Streamline your operations for maximum productivity and cost savings.

Optimize Tax Benefits

Increase your tax efficiencies both in the short and long term.

Reduce Compliance Costs

Lower your expenses related to regulatory compliance.

Facilitate Future Ownership Transitions

Prepare your business for seamless ownership changes in the future.

Protect Your Assets

Minimize risks and safeguard your personal and business assets.

Achieve Your Business Goals

Set the foundation to reach your objectives and maximize your wealth.

What Makes Jerome Glover Stand Out from Others?

Choosing the right business structure is essential for your company’s success. With our tailored support and over 25 years of expertise, we ensure your business is set up for long-term growth and efficiency. Here’s why we are the best choice for you:

  • Understand Local Regulations: We help you comply with local regulations that impact your business setup, ensuring smooth operations and legal compliance right from the start.
  • Maximize Tax Efficiencies: The right business structure can save you money. Our expertise in direct and indirect taxes ensures you maximize tax benefits and minimize liabilities, optimizing your financial setup.
  • Expert in Corporate Laws: Corporate laws play a crucial role in business structuring. We provide strategic advice to ensure your business operates within legal frameworks and gains a competitive advantage.
  • Seamless Foreign Exchange Management: If your business involves international transactions, our guidance on foreign exchange regulations ensures these operations are smooth and efficient, integrating seamlessly into your business structure.

By addressing these key areas, we build a strong foundation for your business, setting you up for long-term success and growth.

Our Process: How Do We Help with Business Structuring?

We make business structure consulting straightforward and effective. Here’s how we work with you to set your business up for success.

Understanding and Assessing Your Business

We start with an initial consultation to learn about your goals, vision, and challenges. We then analyze your liability protection, tax benefits, and operational flexibility needs to determine the best business entity options for you.

Step 1

Making Recommendations

Based on our assessment, we recommend the best business structure for your situation. We explain each option’s benefits and potential drawbacks, ensuring you have all the information needed to make an informed decision.

Step 2

Preparing Legal Documents

We prepare and file all necessary legal documents to establish your chosen business structure, including Articles of Incorporation or Organization and obtaining an Employer Identification Number (EIN) from the IRS.

Step 3

Ensuring Compliance and Drafting Internal Documents

We register your business with state authorities, set up tax registrations, and draft essential internal documents like operating agreements or bylaws to ensure full compliance.

Step 4

Providing Ongoing Support and Adjustments

We offer ongoing assistance to keep your business compliant with legal and tax obligations, including annual filings and strategic planning. We also review your business structure regularly and make necessary adjustments as your business evolves.

Step 5

Guarantee a successful future for your business.

Our structuring services are designed to help you establish, manage, and grow your business effectively. Get personalized guidance on entity selection, compliance, and strategic planning tailored to your needs. Take the first step towards building a strong foundation for your business today!

Start Your Business Journey with Us!

Frequently Asked Questions

What are the steps to start a business?

To start a business, conduct market research, develop a business plan, seek funding, choose a location and business structure, pick a name, register your business, obtain tax documents, and secure permits and licenses. If you need any more assistance, J. Glover is here for a quick word. Let him help you better by guiding you through these steps with more ease and efficiency.

Start an online business by conducting market research, creating a business plan, choosing a name and structure, and registering your business. If you need help, J. Glover Financial Services are just a consultation away.

Pick a catchy and memorable name that fits your business. Ensure it’s original and not already in use by checking online business name availability.

Write a business plan to guide your business and secure funding. Choose between a detailed traditional plan or a concise lean plan. Use online templates or create your own. J. Glover can guide you through the process of creating a robust business plan. Get in touch now.

To get a business loan, prepare a business plan with costs and revenue details, maintain a good credit score, and consider traditional or SBA loans. You may need collateral. J. Glover Financial Services can help you prepare and apply for business loans seamlessly. Get in touch now.

Sole proprietorships and partnerships have pass-through taxation, while corporations face double taxation. S Corporations avoid double taxation by passing income to shareholders’ tax returns.

Consider liability protection, tax benefits, and management flexibility. Consult with J. Glover Financial Services to understand the implications and choose the best structure.

Sole proprietorships use Form 1040, Schedule C; partnerships use Form 1065; corporations use Form 1120; S Corporations use Form 1120-S. LLCs file based on their tax election.

Yes, you can change your business structure. This involves legal and tax steps, such as filing IRS forms and updating state registration. Speak with J. Glover for help with the tax and legal ramifications of reorganizing your company.

Launch Your Business with Confidence!

Let J. Glover Financial Services handle the paperwork, legal requirements, and financial setup, so you can focus on bringing your vision to life. Get in touch today to turn your business idea into reality.

Get Started Now!