Services

Entity Selection

Depending on your business structure (LLC, INC, LP, GP, PA, PC, LLP) you may have a choice on how you wish to be taxed. The majority of our clients are structured as LLCs with the state. A single-member LLC can be taxed as a disregarded entity (directly on your personal return), an s-corporation or a c-corporation. A multiple-member LLC can be taxed as a partnership, s-corporation or c-corporation. There are solid reasons for each of these choices. Depending on long and short-term goals, we sit down and advise you on the best tax structure for your business. The main areas to focus on are self-employment tax, qualified business income deduction, succession planning and qualified small business stock exclusions.

We are an invaluable resource for new business owners. We first discuss your business plan and the feasibility of opening your doors. The next step is determining what business type best suits your needs and how that business will be taxed by the IRS. Additionally, we discuss the best accounting method for your business (accrual, cash, completed contract). We can assist in the formation of your entity with the Secretary of State and we work hand-in-hand with your business attorney to draft operating agreements and partnership agreements. We can help in obtaining an EIN from the IRS so you can set up a business bank account. We assist with registering with federal and state agencies for payroll tax, franchise tax, and sales tax accounts. Lastly, we work with you to choose and set up accounting software and a payroll provider that is both cost-effective and efficient.

Services

Entity Selection

Depending on your business structure (LLC, INC, LP, GP, PA, PC, LLP) you may have a choice on how you wish to be taxed. The majority of our clients are structured as LLCs with the state. A single-member LLC can be taxed as a disregarded entity (directly on your personal return), an s-corporation or a c-corporation. A multiple-member LLC can be taxed as a partnership, s-corporation or c-corporation. There are solid reasons for each of these choices. Depending on long and short-term goals, we sit down and advise you on the best tax structure for your business. The main areas to focus on are self-employment tax, qualified business income deduction, succession planning and qualified small business stock exclusions.

We are an invaluable resource for new business owners. We first discuss your business plan and the feasibility of opening your doors. The next step is determining what business type best suits your needs and how that business will be taxed by the IRS. Additionally, we discuss the best accounting method for your business (accrual, cash, completed contract). We can assist in the formation of your entity with the Secretary of State and we work hand-in-hand with your business attorney to draft operating agreements and partnership agreements. We can help in obtaining an EIN from the IRS so you can set up a business bank account. We assist with registering with federal and state agencies for payroll tax, franchise tax, and sales tax accounts. Lastly, we work with you to choose and set up accounting software and a payroll provider that is both cost-effective and efficient.

"Dave continuously exceeds our expectations on level of knowledge, professionalism, and responsiveness. As a startup we have limited resources to tackle, what seems like unlimited tasks, Dave has been instrumental being a team member to help take us to the next level. Without question, I’d recommend Dave to anyone within my network; overall he’s a great guy and pleasure to work with."

Michael True

Co-founder & CEO, VYBN, Inc.

"I’ve been working with David to serve our mutual clients for several years now. As a corporate, securities, and tax attorney, it’s critical that my clients have skilled, diligent, and personable tax advisors and CPAs, not only skilled and knowledgeable with tax matters, but also business matters. David has consistently provided practical, cutting edge advice regarding both general and complex tax and business matters. He is a pleasure to work with and I highly recommend him and his team for your professional tax services."

Mike McGovern

Partner - Corporate, Securities & Tax , Reiter, Brunel & Dunn, PLLC

"David is an experienced professional who has consistently gone above and beyond to meet our needs. Being a startup, it’s hard to find business service providers that are can move fast and be flexibly. David is there when we need him and always delivers. He has been a pleasure to work with and we highly recommend him to meet your accounting and tax prep needs."

Haydn Collard

Director of Compliance, Grey, Inc.

Contact Us

david@davidfrenchcpa.com

(512) 829-8002

508 W 12th Street
Austin, TX 78701

River Place Satellite Office
10815 Ranch Rd. 2222
Bldg. 3B Ste.100
Austin, TX 78730

M-F: 9am-6pm, Sat: 10am-2pm, Sun: Closed