Business Formation & Planning
Empowering Entrepreneurs with Clarity and Confidence
Every successful business starts with smart planning—and choosing the right legal structure is a foundational step. At The Planning Practice, David and his team help entrepreneurs navigate the many options available when forming or restructuring a business entity, ensuring that each decision supports long-term growth, tax efficiency, and liability protection. With David’s dual expertise as a CPA and attorney, our practice delivers both legal and financial insight to guide your path forward—whether you’re launching a new venture or optimizing an existing one.
Tax Classification Guidance
Once an entity is chosen, deciding how it should be taxed is equally critical for profit-driven businesses. We provide strategic insight into:
- C Corporation – Suitable for companies seeking flexibility with retained earnings and growth investment
- S Corporation – Offering pass-through taxation for qualifying small businesses
- Partnership Taxation – Ideal for multi-owner entities seeking pass-through income and flexible structures
For nonprofit entities, our team helps determine the appropriate tax-exempt classification under the Internal Revenue Code, ensuring compliance with IRS requirements and mission alignment.
Restructuring for Growth & Risk Management
As businesses evolve, restructuring may be necessary to support expansion and limit exposure. David and his team work with owners to:
- Create layered entity structures that isolate liability across ventures
- Convert or merge entities to support new operational goals
- Reorganize ownership or management roles while maintaining continuity
- Enhance tax efficiency through strategic entity realignment
Whether you’re expanding geographically, branching into new services, or positioning for investment, our restructuring services help align your business with your vision.
Entity Formation: Choosing the Right Fit
We help entrepreneurs weigh the pros and cons of various entity types, each designed to serve different goals and operational needs:
- Stock Corporations – For businesses seeking traditional corporate structures with shareholder ownership
- Non-Stock Corporations – Ideal for nonprofit organizations pursuing tax exempt status
- Limited Liability Companies (LLCs) – Offering flexible management and liability protection
- Business Trusts – Unique structures that allow centralized asset control and succession planning
Each option comes with specific implications for control, compliance, taxation, and growth potential—and we’re here to help you choose with confidence.
A Collaborative Approach
Our team works closely with each client to understand your entrepreneurial goals, assess your risk profile, and develop a tailored formation or restructuring plan. With legal precision and financial clarity, we make the process approachable—so you can move forward with a structure built to last.
Ready to explore your options?
Let’s build the right foundation for your business together.
