Entity Formation and the Importance of Staying Up to Date on your Filings

From sole proprietors and partnerships to LLCs and S corps, the legal entity you choose for your business should provide your person with reasonable protection against financial and legal challenges, but understanding which entity to form for your organization can be complicated, and so can the paperwork that goes along with it, but it doesn’t have to be that way. Connecticut-based attorney Diana Bartolotta advises select small business owners, real estate developers and entrepreneurs on the differences between each of the corporate entities that are out there, the tax advantages of each — if any — and which entity may be right for their particular organization.