Business Entity Selection

Choosing the form of entity of your business is a crucial decision that can have long standing tax implications, positive or negative. Hienz & Macaluso can assist you in evaluating the pros and cons of each entity type to help you determine the most advantageous form of business for your company:

Sole Proprietorship- all tax consequences fall to the one proprietor, including all liabilities, debts, profits, and losses.
Partnership- income, losses, credits, and certain deductions are passed along to the partners' tax situation.
Corporation- a separate, legal entity formed through a state charter using articles of incorporation. There are two main types: Regular ("C") or Subchapter S ("S").
Limited Liability Company (LLC)- affords the partners some degree of limited liability protection, yet it still acts like a regular partnership.

Why Hienz & Macaluso LLC

As a certified public accounting firm based in the New Orleans Metropolitan Area, we are dedicated to leadership in professional accounting services and constantly seek innovative ways to better serve our clients in existing and expanded dimensions. We take exceptional pride in our ability to provide clients with a large degree of personal attention.