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Basic Training: The Quest for the Right Business Form

Basic Training: The Quest for the Right Business Form

By Nina Kaufman, Esq.

Today’s Basic Training query comes from a solopreneur who is stymied by needing to take the next step in forming a business entity.  It certainly can get confusing.  There are legal considerations, tax considerations, and cost considerations, just to name a few. Plus, there’s the pressure to make the perfect choice before your business has really had a chance to unfold. No wonder entrepreneurs get that “deer-in-the-headlights” look when they think of it! Q.:  I am in Alabama, and I am an independent insurance agent. My CPA is saying that I need to incorporate my business for tax reasons. I am the owner and the only employee. I am 1099’nd under my personal social security number.  I have a dba for my business name.  I’m searching to see if I need to do an LLC, or an C, or S Corp. I am confused because it is only me and an LLC looks to be for maybe a partnership. I want to save on my taxes, but I am confused on which way to go.…

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Nina Kaufman

Flying solo doesn’t have to mean going it alone.

I’m Nina Kaufman.

I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.

With wide-ranging experience as a business attorney, strategist, and media authority, I bring the added power of a business lens to the legal issues my clients are facing.

And because I’ve been a business owner myself, I’ve lived through the soaring highs and devastating lows – like when my first law firm failed. So I understand what’s involved to serve great clients, detect business risks early and build a true legacy.

I can’t get those 12 years back. That’s why I have made it my mission to ensure that business professionals like you can become wise and discerning leaders, build a solid business, and live your best life.