What do you need to know to protect yourself?
Entrepreneurship has increased during the pandemic. More than 1.5 million new business applications have been submitted in the US. If you are starting a small business from home, there are rules you need to know that will protect you related to taxes, registration fees, etc.
Learn the differences among the multiple types of entities that can help protect you from liability:
Limited liability company (LLC)
Peter Frank, CPA, CITP, has recently joined Schulman Lobel as a partner, after many years as a partner at another NY mid-sized accounting firm. He has been advising individuals and closely-held businesses on accounting, tax and business matters for nearly 40 years. He has a diversified clientele, with clients in the entertainment and film business, as well as real estate, hotels and restaurants, auctioneers, professional services, high net worth individuals and others. He is actively assisting foreign nationals to navigate the tax and business issues of operating in the U.S. as well as helping U.S. expatriates and non-residents to coordinate their U.S. and international tax compliance needs. Peter works closely with start-up, scale-up and established businesses, and prides himself on the relationships and trust he develops with his clients, assisting them in many areas of their business.
Peter also consults on information technology issues, having particular experience with accounting and business management systems. He is an early recipient of the AICPA’s Certified Information Technology Professional (CITP) credential, for which he assisted the AICPA in creation of its examination. Peter is also a Certified QuickBooks Gold Level ProAdvisor.
Peter enjoys speaking about accounting and business issues before accounting organizations, business associations, college students and other groups.