Small Business Tax Liabilities

January 22nd, 2010

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Question: Advised to Reorganize my Small Business?

I’ve been advised to reorganize my small-business as a limited liabilty company (LLC) to obtain insultation against personal liability, if someone sues the business. Will this complcate my taxes <<<=== has anyone ever done this before? Has anyone ever heard of Michael J. Fitzgerald, CPA/PFS, CFP, MST his website looks interesting.

Answer: .....

never heard of Michael Fitzgerald

but go to IRS website and you decide which business structure is best suited for your business needs and protection:

http://www.irs.gov/businesses/small/article/0,,id=98359,00.html

New Restrictions, Aimed At Big Banks, Might Also Hit Regionals

NEW YORK -(Dow Jones)- President Barack Obama's proposal to define more narrowly the businesses of banking aims to take a chunk of profits out of a few major banks and limit their strategic options for expansion.

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Small Business Tax Liabilities

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