Choosing the Right Business Structure
Clients must select the appropriate business structure – sole proprietorship, partnership, LLC, LLP, S corporation, or C corporation – based on their goals to maximize tax savings.
Each entity has distinct tax forms, bookkeeping, payroll requirements, and tax advantages and risks. Dr. Rastogi offers guidance to help clients make informed decisions.
Dr. Rastogi can register an entity for a client in any state of the US and obtain a Federal Identification # (Federal Tax ID).
Fees: Consultation is based on an hourly charge. The entity formation fee is $300 plus state registration fees.
Dr. Rastogi has his own experience in the wide sectors of the industries. These are listed below:
Service Industry
a. Medical and Dental practices; Law offices
b. Home health care facilities
c. Trucking and transportation, Long Distance
d. Software development
Retail/Wholesale:
e. Gas station, Convenience store, and Grocery store businesses (retail businesses)
f. Restaurants
g. Hotels and Motels (Hospitality industry)
h. Jewelry businesses, retail, and wholesale
Manufacturing:
i. Manufacturing, product development, chemicals
Hybrid:
j. Real estate agents, real estate residential and commercial development, and rental business
k. Construction and property management
Crypto Currency:
Dr. Rastogi has helped clients in cryptocurrency transactions that may have tax consequences.
