Most founders pick their entity by asking a friend (or AI) what they should do. That works until it doesn't.
We'll walk through the real differences between a sole prop, an LLC, an S-corp and a C-corp - what each one actually means for you day to day, what changes when you add a co-founder or take money in, and how it all hits your taxes. Self-employment tax. The S-corp payroll question. Pass-through vs. corporate. Sales & Use Tax. The filings and dates that catch people off guard in year one.
We'll also cover the boring stuff that keeps you out of trouble: keeping business and personal money separate, what to track, and where "good enough” (or consistent) is actually good enough.
We will focus on what you need to do to achieve the goals for your business while staying compliant and ensuring you are leveraging one of your biggest assets- your business!
Bring your questions. You'll leave knowing how to pick your structure - or fix the one you've got.
Phil Slabine and Lisa Athanasia are the co-founders of Not Dorks Accounting & Finance, a fractional CFO and accounting firm for startups and small businesses. Phil spent 15 years in finance and accounting, most recently as corporate controller at a fast-growing robotics company. Lisa spent 7 years in public accounting and has since run accounting departments of every size, at both private and public companies.
Featuring
Most founders pick their entity by asking a friend (or AI) what they should do. That works until it doesn't.
We'll walk through the real differences between a sole prop, an LLC, an S-corp and a C-corp - what each one actually means for you day to day, what changes when you add a co-founder or take money in, and how it all hits your taxes. Self-employment tax. The S-corp payroll question. Pass-through vs. corporate. Sales & Use Tax. The filings and dates that catch people off guard in year one.
We'll also cover the boring stuff that keeps you out of trouble: keeping business and personal money separate, what to track, and where "good enough” (or consistent) is actually good enough.
We will focus on what you need to do to achieve the goals for your business while staying compliant and ensuring you are leveraging one of your biggest assets- your business!
Bring your questions. You'll leave knowing how to pick your structure - or fix the one you've got.
Phil Slabine and Lisa Athanasia are the co-founders of Not Dorks Accounting & Finance, a fractional CFO and accounting firm for startups and small businesses. Phil spent 15 years in finance and accounting, most recently as corporate controller at a fast-growing robotics company. Lisa spent 7 years in public accounting and has since run accounting departments of every size, at both private and public companies.
Featuring