Tax Planning - Business Structure

Choose your Business Structure

An important part of your financial budgeting process should include balancing your level of personal liability with the tax burden associated with the legal entity you decide to form.

Examples include:

Sole Proprietorship
Limited Liability Company (LLC)
C-Corporation, Stock or Close (Inc.)
and several others...

To evaluate the different types of business structures available, view the detailed explanations listed under Getting Started > Types of Companies.

Evaluate the Tax Burden of your Chosen Business Structure

Once you have decided on the business structure that is the best fit for your business needs, you should consider the tax requirements that accompany it. Here is a helpful template for evaluating the tax requirements of each business structure.

Business Structure Selector (xls, 43k)

B&D Consulting Enters Mentor-Protege Agreement
NETCONN Solutions is proud to announce that their Mentor-Protege Agreement with B&D Consulting, Inc. has been approved by the U.S. Small Business Administration (SBA).

Hispanic Festival in Hagerstown
The Fourth Hagerstown Hispanic Festival will be held in Fairgrounds Park on Sunday, September 19, 2010 from 12:00 noon to 6:00 pm

New Location for TIC management
We're now located on the 3rd floor in TIC 321.

Small Business Development Center moved
The SBDC has moved from TIC 209 to TIC 322.

New Training Room
New larger training room available in TIC 323

Links
News Archive

Business-2-Government Contracting Workshops

The Western Maryland Small Business Development Center and the TIC have partnered to make available to the community two B2G contracting workshops presented by Maryland PTAP.

MIT Enterprise Forum Webcast
The TIC is a viewing site for the MIT Enterprise Forum webcast "From Lab to Market: Success is Not Final, Failure is Not Fatal."

The Innovator and Entrepreneur Group
meetings will not be held during the summer. They will resume in the fall.