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How To Reduce The Chance Of An Audit By Over 50
By Wayne M. Davies
Perhaps you've been thinking about making a change in your Choice of Entity. Maybe you've been asking, "What type of Business Entity should my business be?"
By Business Entity, I mean the legal structure of your business, and there are basically five from which to choose:
Sole Proprietorship Partnership Limited Liability Company (LLC) C Corporation S Corporation This is not a question that is easily or quickly answered. There are many factors to consider, and here's one that is often overlooked:
If you are a Sole Proprietorship, your odds of getting audited are two, three or even four times greater than the other entity types.
Take a look at the followin...
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