CHARLESTON -– What's the real difference between a limited liability company and an s-corporation? Why do sole proprietors often pay more taxes?
The U.S. Small Business Administration and Charleston SCORE Chapter 256 will be conducting a free small business clinic entitled "Business Structure -– Taxes vs. Liability" on Thursday, Nov. 19 from 5:30 p.m. to 6:30 p.m. in the 4th Floor Conference Room at 405 Capitol St. in Charleston.
CPA and SCORE member Joetta Kuhn along with Kimberly Donahue, business development specialist for the SBA, will be providing attendees with information to help them understand the balance between taxable income and liability in order to better determine which business structure is right for their business.
"If you're going into business for yourself— then this is the first hurdle you face. The decision you make here will have long-term ramifications for your company," said Kuhn.
This clinic is one in a series of free small business clinics. Future clinics and dates are as follows:
* "Business Loans – No Hype, Just the Facts" -- Dec. 3. The clinic is open to the public and is offered at no cost.
Registration is requested as seating is limited. Individuals can register online at www.wvscore.org or by calling (304) 347-5463 or (304) 347-5220.