Choosing a business entity

The San Juan County Economic Development Council, in partnership with Islanders Bank and Lake Kennedy McCulloch, CPAs, will present a free workshop on choosing a business entity.

It will be held on Wednesday, Jan. 28 from 9 to 10:30 a.m. at the San Juan Island Library.  Advance registration is required: call 378-2906 or email info@sanjuansedc.org.  The class will be offered on Orcas Island in the fall.

When starting or building a business, many entrepreneurs wonder which entity is right for their businesses – should they create an S corporation, a C corporation, a limited partnership, a sole proprietorship or an LLC?  Making the right choice is a critical part of ensuring future business success and protecting business owners from some liabilities.

Join in an up-close look at the various business entities. Covered will be topics such as: What tax advantages does each entity offer? What personal liability does each entity expose a business owner to? Will forming a certain type of entity give the business more credibility with customers?  How does citizenship affect entity options?