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As the identify suggests, you are the only proprietor of this enterprise structure. Meaning you will not have to consult a board of administrators, companions, or shareholders, which many homeowners discover releasing. The draw back to this construction is that there is no separation between your self and the business; you're one and the identical within the eyes of the IRS. This means you may be held personally responsible for any enterprise money owed (i.e., the IRS could seize your financial institution accounts, retirements funds, or your own home to cover debts). This is something you may need to critically take into account when organising your business.
My corporations have been utilizing Cape Coral Accounting Service for over 12 years, and have at all times been completely satisfied. Lori and her employees do an excellent job and are punctual on all the assorted job request and filings that should be done. I have every now and then wanted further help and Cape Coral Accounting Service was there for me with their Can Do” attitude to make my life simpler. On a private degree, additionally they deal with my personal tax affairs with the same effectivity. Cape Coral Accounting Service is an asset to our enterprise but in addition thought of a buddy.
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