--- title: | Business Structure & Entity Selection description: Business Structure & Entity Selection | Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. --- [![Chandler & Knowles, CPA](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/chandler-knowles-logo-updated.png)](https://www.chandlerknowlescpa.com) - [Home](https://www.chandlerknowlescpa.com/) - [About](https://www.chandlerknowlescpa.com/about/) - [Case Studies](https://www.chandlerknowlescpa.com/case-studies/) - [Testimonials](https://www.chandlerknowlescpa.com/client-testimonials/) - [Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - [Business Structure & Entity Selection](https://www.chandlerknowlescpa.com/services/business-structure-and-entity-selection/) - [Business Accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) - [Business Consulting](https://www.chandlerknowlescpa.com/services/business-consulting/) - [Business Tax Planning](https://www.chandlerknowlescpa.com/services/business-tax-planning/) - [Payroll Administration](https://www.chandlerknowlescpa.com/services/payroll-administration/) - [Tax Return Review](https://www.chandlerknowlescpa.com/services/tax-return-review-services/) - [Industries](https://www.chandlerknowlescpa.com/industries/) - [Physicians](https://www.chandlerknowlescpa.com/industries/physicians/) - [Dentists](https://www.chandlerknowlescpa.com/industries/dentists/) - [Small Business](https://www.chandlerknowlescpa.com/industries/small-business/) - [Real Estate](https://www.chandlerknowlescpa.com/industries/real-estate/) - [Veterinarians](https://www.chandlerknowlescpa.com/industries/veterinarians/) - [Attorneys](https://www.chandlerknowlescpa.com/industries/attorney-and-law-firms/) - [High Net Worth Individuals](https://www.chandlerknowlescpa.com/industries/high-net-worth-individuals/) - [Clients](https://www.chandlerknowlescpa.com/clients/) - [Make a Payment](https://www.chandlerknowlescpa.com/clients/payments/) - [Recommend Us](https://www.chandlerknowlescpa.com/clients/client-recommendation-program/) - [Submit Review](https://www.chandlerknowlescpa.com/clients/submit-a-review/) - [View Our Newsletter](https://www.chandlerknowlescpa.com/clients/view-our-newsletter/) - [Send Us Your Documents](https://www.chandlerknowlescpa.com/clients/client-secure-document-portal-2/) - [Resources](https://www.chandlerknowlescpa.com/resources/) - [Client Resources](https://www.chandlerknowlescpa.com/resources/client-resources/) - [Retirement Resources](https://www.chandlerknowlescpa.com/resources/retirement-resources/) - [Video Library](https://www.chandlerknowlescpa.com/video-library/) - [Blog](https://www.blog.chandlerknowlescpa.com) - [Locations](https://www.chandlerknowlescpa.com/locations/) - [Flower Mound, TX](https://www.chandlerknowlescpa.com/locations/flower-mound-tx-cpa/) - [Areas Served](https://www.chandlerknowlescpa.com/areas-served/) - [Dallas, TX](https://www.chandlerknowlescpa.com/areas-served/dallas-tx/) - [Plano, TX](https://www.chandlerknowlescpa.com/areas-served/plano-tx/) - [Nationwide](https://www.chandlerknowlescpa.com/areas-served/nationwide-cpa-services/) - [Contact](https://www.chandlerknowlescpa.com/contact-us/) [![Chandler & Knowles, CPA](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/chandler-knowles-logo-updated.png)](https://www.chandlerknowlescpa.com) [![Client Portal Login](https://blog.chandlerknowlescpa.com/hubfs/Chandlerknowlescpa_January2018%20Theme/Images/client-portal-login-2.png)](https://chandlerknowlescpa.smartvault.com) Knowledge, Experience, Commitment **Give Us a Call Today: (817) 369-3681** - [Home](https://www.chandlerknowlescpa.com/) - [About](https://www.chandlerknowlescpa.com/about/) - [Case Studies](https://www.chandlerknowlescpa.com/case-studies/) - [Testimonials](https://www.chandlerknowlescpa.com/client-testimonials/) - [Services](https://www.chandlerknowlescpa.com/services/) - [Individual Tax Preparation](https://www.chandlerknowlescpa.com/services/tax-preparation/) - [Advanced Tax Planning](https://www.chandlerknowlescpa.com/services/advanced-tax-planning/) - [Financial Planning](https://www.chandlerknowlescpa.com/services/financial-planning/) - [Risk Assessment](https://www.chandlerknowlescpa.com/services/insurance-risk-assessment/) - [Business Structure & Entity Selection](https://www.chandlerknowlescpa.com/services/business-structure-and-entity-selection/) - [Business Accounting](https://www.chandlerknowlescpa.com/services/business-accounting/) - [Business Consulting](https://www.chandlerknowlescpa.com/services/business-consulting/) - [Business Tax Planning](https://www.chandlerknowlescpa.com/services/business-tax-planning/) - [Payroll Administration](https://www.chandlerknowlescpa.com/services/payroll-administration/) - [Tax Return Review](https://www.chandlerknowlescpa.com/services/tax-return-review-services/) - [Industries](https://www.chandlerknowlescpa.com/industries/) - [Physicians](https://www.chandlerknowlescpa.com/industries/physicians/) - [Dentists](https://www.chandlerknowlescpa.com/industries/dentists/) - [Small Business](https://www.chandlerknowlescpa.com/industries/small-business/) - [Real Estate](https://www.chandlerknowlescpa.com/industries/real-estate/) - [Veterinarians](https://www.chandlerknowlescpa.com/industries/veterinarians/) - [Attorneys](https://www.chandlerknowlescpa.com/industries/attorney-and-law-firms/) - [High Net Worth Individuals](https://www.chandlerknowlescpa.com/industries/high-net-worth-individuals/) - [Clients](https://www.chandlerknowlescpa.com/clients/) - [Make a Payment](https://www.chandlerknowlescpa.com/clients/payments/) - [Recommend Us](https://www.chandlerknowlescpa.com/clients/client-recommendation-program/) - [Submit Review](https://www.chandlerknowlescpa.com/clients/submit-a-review/) - [View Our Newsletter](https://www.chandlerknowlescpa.com/clients/view-our-newsletter/) - [Send Us Your Documents](https://www.chandlerknowlescpa.com/clients/client-secure-document-portal-2/) - [Resources](https://www.chandlerknowlescpa.com/resources/) - [Client Resources](https://www.chandlerknowlescpa.com/resources/client-resources/) - [Retirement Resources](https://www.chandlerknowlescpa.com/resources/retirement-resources/) - [Video Library](https://www.chandlerknowlescpa.com/video-library/) - [Blog](https://www.blog.chandlerknowlescpa.com) - [Locations](https://www.chandlerknowlescpa.com/locations/) - [Flower Mound, TX](https://www.chandlerknowlescpa.com/locations/flower-mound-tx-cpa/) - [Areas Served](https://www.chandlerknowlescpa.com/areas-served/) - [Dallas, TX](https://www.chandlerknowlescpa.com/areas-served/dallas-tx/) - [Plano, TX](https://www.chandlerknowlescpa.com/areas-served/plano-tx/) - [Nationwide](https://www.chandlerknowlescpa.com/areas-served/nationwide-cpa-services/) - [Contact](https://www.chandlerknowlescpa.com/contact-us/) # Financial Planning Insights ## [5 Tips For Protecting Your Assets](https://blog.chandlerknowlescpa.com/5-tips-for-protecting-your-assets) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | September 27, 2019 | [0](https://blog.chandlerknowlescpa.com/5-tips-for-protecting-your-assets#comments-listing) [![protect your assets](https://blog.chandlerknowlescpa.com/hubfs/Copy%20of%20Copy%20of%20Untitled.png)](https://blog.chandlerknowlescpa.com/5-tips-for-protecting-your-assets) Asset protection should be a high priority for anyone who has any financial assets. As a business owner, it is a little more complicated. You have personal assets and you may also have business assets. When it comes to personal assets, it is important that they are kept separate from your business assets. Here are 5 tips that you can use to help.. [Read More](https://blog.chandlerknowlescpa.com/5-tips-for-protecting-your-assets) ## [S Corporation vs. C Corporation](https://blog.chandlerknowlescpa.com/s-corporation-vs.-c-corporation) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | July 22, 2019 | [0](https://blog.chandlerknowlescpa.com/s-corporation-vs.-c-corporation#comments-listing) [![s corporation vs c corporation](https://blog.chandlerknowlescpa.com/hubfs/social-suggested-images/bookeeping2.jpg)](https://blog.chandlerknowlescpa.com/s-corporation-vs.-c-corporation) S Corporations and C Corporations are two very different types of [business entities](https://www.chandlerknowlescpa.com/services/business-structure-and-entity-selection/) recognized for legal and taxation purposes. The corporate structures protect individuals from personal liability. They permit a legal identity and uninterrupted conduct of business without regard to the particular individuals involved. They share the same general.. [Read More](https://blog.chandlerknowlescpa.com/s-corporation-vs.-c-corporation) ## [LLC vs Sole Proprietorship](https://blog.chandlerknowlescpa.com/llc-vs-sole-proprietorship) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | July 16, 2019 | [0](https://blog.chandlerknowlescpa.com/llc-vs-sole-proprietorship#comments-listing) [![LLC vs sole proprietorship](https://blog.chandlerknowlescpa.com/hubfs/professional1.jpg)](https://blog.chandlerknowlescpa.com/llc-vs-sole-proprietorship) So you have decided to [start a new business](https://www.chandlerknowlescpa.com/services/business-structure-and-entity-selection/new-business-formation/). One of the most important decisions that you will make is the form that this structure will take. Should you take no action and let it be a sole proprietorship or should you create an LLC? In some ways, both structures are very similar and in other ways, they are vastly different. By doing a comparison.. [Read More](https://blog.chandlerknowlescpa.com/llc-vs-sole-proprietorship) ## [5 Tips When Transferring the Family Business](https://blog.chandlerknowlescpa.com/5-tips-when-transferring-the-family-business) By [Chandler and Knowles](https://blog.chandlerknowlescpa.com/author/chandler-and-knowles) | April 12, 2019 | [0](https://blog.chandlerknowlescpa.com/5-tips-when-transferring-the-family-business#comments-listing) [![adult-cheerful-clipboard-1089549](https://blog.chandlerknowlescpa.com/hubfs/adult-cheerful-clipboard-1089549.jpg)](https://blog.chandlerknowlescpa.com/5-tips-when-transferring-the-family-business) If you own a business and are past age 50, you are probably thinking about how to eventually transfer your family business to your heirs. The business you built and the reputation you nurtured can be a legacy that will continue past your lifespan. [Read More](https://blog.chandlerknowlescpa.com/5-tips-when-transferring-the-family-business) ## [Frequently Asked Questions About Buy-Sell Agreements](https://blog.chandlerknowlescpa.com/buy-sell-agreements) By [The Chandler & Knowles Team](https://blog.chandlerknowlescpa.com/author/the-chandler-knowles-team) | January 05, 2017 | [0](https://blog.chandlerknowlescpa.com/buy-sell-agreements#comments-listing) [![](https://blog.chandlerknowlescpa.com/hubfs/Imported_Blog_Media/buy-sell-agreement-300x200-1.jpg)](https://blog.chandlerknowlescpa.com/buy-sell-agreements) You and your partners didn’t start your business with the idea that one day, circumstances would result in one of you exiting the firm. But life doesn't care what kind or how successful a business is, sometimes misfortunes happen that cause your plans to change. Your best preventative defense against a whirlwind of unpleasant outcomes can be found.. [Read More](https://blog.chandlerknowlescpa.com/buy-sell-agreements) ### Recent Posts ### Subscribe to Our Blog #### About Chandler & Knowles CPAs: Chandler & Knowles CPAs is dedicated to serving our clients with an integrated approach to financial success for businesses, families and individuals. Our knowledgable team is committed to providing you with the most detailed information to answer your biggest financial questions and to help make your life less taxing. Learn more about achieving financial success by reading our blog! ### Recent Posts Chandler & Knowles CPAs 7370 Hawk Rd Flower Mound, TX 75022 (817) 369-3681 Hours of Operation: Monday - Friday 8:30 a.m. – 4:00 p.m. Saturday & Sunday: Closed Other times Available by Appointment ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=3265964&fmt=gif)