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Most of our clients already have business entities in place. The challenge is that many of those entities were formed years ago with limited tax planning and no longer align with the owner’s income level, risk profile, or long-term goals.
O’Brien & Panchuk helps business owners review, correct, and optimize entity structures to reduce tax exposure, improve cash flow, manage risk, and prepare for growth or exit.
Business Structuring & Tax Optimization Includes:
Entity restructuring and clean-up
S corporation and partnership election analysis
Multi-entity planning, including operating companies and real estate holdings
Reasonable compensation planning
State and cross-border structural considerations
Pre-sale and exit-oriented structuring
What type of entity is best?
O’Brien & Panchuk works closely with business owners to help determine the right entity selection based on their specific situation. Depending on your circumstances, this may include a sole proprietorship, partnership, S corporation, C corporation, Limited Liability Company (LLC), or Limited Liability Partnership (LLP).
Incorporating a business as either a C corporation or S corporation can limit personal liability for debts, obligations, or losses sustained by the business. Corporations may also offer greater flexibility in deducting certain expenses and potential savings in self-employment taxes. However, in some cases, C corporations may be subject to double taxation, which can offset some of these benefits.
For many self-employed individuals and professional services firms, a sole proprietorship may be the preferred option due to its simplicity. Business income and expenses are reported on Schedule C and filed with the owner’s personal tax return. Partnerships operate similarly but are used when there is more than one owner.
LLCs and LLPs offer a hybrid approach, combining features of both corporations and partnerships. Owners are generally protected from personal liability for business debts and obligations, while profits and losses pass through to the owners, avoiding the potential double taxation associated with C corporations.
Whether you are launching a new business or operating an existing company, O’Brien & Panchuk will help you select the most beneficial entity structure. Our analysis considers not only minimizing tax liability, but achieving the greatest overall benefit from a financial, tax, liability, and simplicity standpoint.
O’Brien & Panchuk helps business owners review, correct, and optimize entity structures to reduce tax exposure, improve cash flow, manage risk, and prepare for growth or exit.
Business Structuring & Tax Optimization Includes:
Entity restructuring and clean-up
S corporation and partnership election analysis
Multi-entity planning, including operating companies and real estate holdings
Reasonable compensation planning
State and cross-border structural considerations
Pre-sale and exit-oriented structuring
What type of entity is best?
O’Brien & Panchuk works closely with business owners to help determine the right entity selection based on their specific situation. Depending on your circumstances, this may include a sole proprietorship, partnership, S corporation, C corporation, Limited Liability Company (LLC), or Limited Liability Partnership (LLP).
Incorporating a business as either a C corporation or S corporation can limit personal liability for debts, obligations, or losses sustained by the business. Corporations may also offer greater flexibility in deducting certain expenses and potential savings in self-employment taxes. However, in some cases, C corporations may be subject to double taxation, which can offset some of these benefits.
For many self-employed individuals and professional services firms, a sole proprietorship may be the preferred option due to its simplicity. Business income and expenses are reported on Schedule C and filed with the owner’s personal tax return. Partnerships operate similarly but are used when there is more than one owner.
LLCs and LLPs offer a hybrid approach, combining features of both corporations and partnerships. Owners are generally protected from personal liability for business debts and obligations, while profits and losses pass through to the owners, avoiding the potential double taxation associated with C corporations.
Whether you are launching a new business or operating an existing company, O’Brien & Panchuk will help you select the most beneficial entity structure. Our analysis considers not only minimizing tax liability, but achieving the greatest overall benefit from a financial, tax, liability, and simplicity standpoint.
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We’re a progressive tax CPA firm that focuses on each of our clients’ needs and circumstances to provide tailored services and solutions that address their situation. It’s not the “one size fits all” approach you find at the big-box firms; it’s a measured, strategy‑driven process to ensure the result is the very best for you.
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Israel morris | business OWNER
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In 2007 I started a non profit 501c3 corporation to promote arts programs in public elementary schools. I was in need of a reliable professional accountant that could help me through the process of implementing a strong and well planned accounting program. Max Panchuk was recommended and his support, skill, and dedication has been more than I ever expected.
Steve Petersen, CEO | Steve Petersen Productions, Inc. 501c3
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“Great work follows great fit. We promise our clients award‑winning and strategically designed experiences for a digitally driven world.”
Thomas Doe | business OWNER
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