What Is The Right Entity For Your Business?

 

The business entity you choose could save you thousands each year!

 

Learn More Now

How we can help you.

Bookkeeping

Reconciliations, Accounts Receivable & Accounts Payable. Let us do the heavy lifting while you ignite growth.

Incorporation

Need to file to become an LLC or Corporation? We will file with your state, register for a new EIN & compile the forms necessary to make your S-corp election.

TAX PLANNING

Taxes are not something that just “happen to you” every year! Optimize your savings each year & plan for those that cannot be avoided.

Business Tax Return

Does your business require a tax return each year? Let our CPA tax team prepare and e-file these for you.

WHY do I need a business entity?

 

Did you know that there are 3 major benefits to having the right business entity?

Professionalism

Establishing a proper business entity shows professionalism.

It signals to your customers that you take what you are doing seriously, that you provide assurance in your product/service (even though you may not), & that you are not just doing this as a SIDE HUSTLE (even though it may be).

I’m not here to judge, but your prospective customers might.

Protection

Business entities provide liability protection.

Think of it as a wall between YOU and your business. Sometimes bad things happen. If you get sued or file bankruptcy, you will be mighty glad you built that wall to protect your family & personal assets from your business troubles.

Tax Advantage

Do you like saving money? I DO!!

Businesses go through many stages in their life. Having the right business entity/structure during each stage can help save you $$Thousands$$each year on your taxes.

Depending on the rate of growth & maturity of your business, we recommend reviewing your business structure at least once each year.

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Our Value Guarantee

110 Bookkeeping guarantees that our work will be completed to the full satisfaction of the customer. If the customer is not completely satisfied with the value they have received, we will, at the customer’s option, either refund all or the part that reflects the customer’s perception of the missing value.

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Could An Entity Change Save You Money?

 

Two things are always certain in life, Death & Taxes. Take this quiz to find out if we can SAVE YOU $10,000 with one simple entity change!

 

Calculate your savings!
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Not quite sure WHAT a business entity is?

 

Here’s the “cliff notes” version of what we will discuss.

First, understand that that there is a difference between an entity and a tax status with the IRS. LLC’s, Corporations, Professional Associations, LLP’s, PC’s, those are all business entities.

Entities are managed by the states where they are set up, usually your home state.

Now entities can be taxed in lots of ways.  As a sole proprietor, as a partnership, as a C-Corp, or as an S-Corporation. Each has certain benefits depending upon aspects of how the business operates.

You can learn more about Business Entity Basics in our FREE section as well.

 

Packages tailored to your needs -- and budget.

 

We don’t collect paper or bill by the hour. We are adaptive & use technology to drive productivity in our every day tasks. This allows us to provide the best possible services at the best possible value.

Sole Prop & LLC

From$49/mo
  • Files on Form 1040

  • No Corporate Return

  • Single Owner LLC’s
View Pricing!

S-Corp

From$79/mo
  • Files on Form 1120s

  • Corporation Required

  • 2553 Election
View Pricing!

Partnership

From$79/mo
  • Files on Form 1065

  • Multi-member LLC’s

  • Must have 2+ Owners
View Pricing!

Our Partners in Productivity

— Try Them For Free

Share in the continued savings!

Frequently Asked Questions

 

Is my company a good fit for 110 Bookkeeping?

Generally, our customers are startups, service providers, and private medical professionals that earn less than $1 Million in revenue each year. But we think 110 is a great fit for any forward thinking company no matter the industry. If you’re not sure 110 is right for you, please get in touch with us.

How does pricing work?

Our pricing is a simple monthly subscription where you pay for what you use based on your annual revenue. There are no hourly charges. If you’re on one of our tax plans, your tax return is included in the price after a full 10 months of paid services.

What payment types do you accept?

We accept Credit/Debit Card and Direct Debit ACH. For our products on the DIY Academy site, we will also accept Paypal.

Taxes & Integration
Why use QuickBooks?

110 does most of its bookkeeping in QuickBooks Online because it offers a number of advantages:

  • Seamless tax prep. Virtually every tax preparer in the US knows how to work with QuickBooks. You’ll have the freedom to choose any tax preparer you want.
  • Industry standard. In addition to tax preparers, most other financial professionals (e.g. attorneys, bankers, and venture capitalists) all know how to work with QuickBooks. Again, this gives you the most freedom when making financial decisions.
  • Data portability. QuickBooks means you’re not locked in. If you ever decide to move on from 110, your data goes with you, in a format that is immediately useful.
Is support included? Can I ask questions?

Yes! One support email each month is included in all of our base plans. We do this to keep costs low as our customers do not like to pay for extras they do not use.

If you feel that you will need more than one email each month, we do offer our VIP Support Add-on which gives you unlimited emails, phone calls, & meetings. Learn more in our Add-on Section.

How do prices change as I grow?

We understand the importance of predictability and transparency. Typically twice each year, we’ll review your business revenue numbers. That rate feeds into the pricing table above and you’ll be charged the corresponding amount. No hidden fees or tricks.

What is your Cancellation Policy?

We want you to use 110 Bookkeeping because you’re happy with the service, not because you signed a contract. You can cancel anytime. However, if you’re on one of our tax plans, your service will have to be paid for 10 consecutive months for us to provide your return with no additional fees.

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Cloud Security

Data security is important to us. As such, our firm uses the latest in  cloud security tech to protect your passwords & share sensitive documents.

Send us a note!

CALL 1888 860 4356

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