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Business Entities and Tax Planning

There are four basic categories of business entities: sole proprietorships, partnerships, limited liability companies, and corporations.  Each one has its own set of unique rules and advantages, however it's important to outline your goals with a coordinated team of financial, legal and tax professionals to determine which entity is right for your business.

Sole Proprietorship



  • Limited Partnership (LP)
  • Limited Liability Partnership (LLP)

Limited Liability Company (LLC)



  • C Corporation
  • S Corporation

Beronio Wealth Planning Solutions and LPL Financial do not provide legal advice or services.