Geiger Tax & Accounting · Blog
Entity & Formation
11 guides in Entity & Formation.
Your Partner Is Leaving. Before You Sign Anything, Read This.
The tax treatment of a partner buyout depends entirely on your entity type and deal structure. Here's what changes, what it costs, and where the traps are.
Entity & FormationYou Just Formed an LLC. Here's What You Have to Do in the Next 30 Days.
An EIN, a business bank account, and a tax election — three things most new LLC owners skip that cost them later. Here's the actual first-steps checklist.
Entity & FormationBorrowing Money From Your Own S-Corp: Why the IRS Usually Wins This Argument
The IRS reclassifies S-corp shareholder loans without proper documentation as wages, triggering back payroll taxes and penalties.
Entity & FormationShould You Title Your Car in Your LLC? The Answer Depends on How You're Set Up.
Putting a vehicle in your LLC affects liability, insurance costs, and how you take the deduction. Here's when it makes sense — and when it's not worth it.
Entity & FormationWhen an S-Corp Costs You Money: The Profit Number You Need to Hit First
An S-corp saves on self-employment tax — but only above a profit threshold. Below it, the payroll, filing, and NYC costs eat the savings.
Entity & FormationHow to Choose a Business Structure
Separate the liability question from the tax question and the entity choice gets simpler. A practitioner's framework for picking one.
Entity & FormationYou Missed the S-Corp Deadline. You Can Still Elect for This Year.
Missed the March 15 S-corp deadline? Rev. Proc. 2013-30 lets you file Form 2553 late — up to 3 years and 75 days back — with a reasonable-cause statement.
Entity & FormationThe NY Publication Rule: Why an LLC Costs More to Set Up Than a Corporation
In New York, only LLCs must publish — and it's why an LLC can cost more to set up than a corporation. Here's the real math and the 120-day rule.
Entity & FormationShould You Put Your Rental Property in an LLC? The Protection Is Real — So Are the Costs
An LLC shields your assets from a rental lawsuit — but it won't cut your taxes, and in New York it costs more. Weigh this before you transfer.
Entity & FormationS-Corp Reasonable Salary: How to Pay Yourself Without Inviting an Audit
The S-corp savings live in the salary/distribution split — but the salary has to be 'reasonable.' How the IRS judges it, and how to set yours.
Entity & FormationIs an S-Corp Worth It in New York? Stop Guessing and Calculate Your Real Savings
S-Corp vs LLC vs sole prop in New York: how the self-employment tax split actually works, the NYC GCT catch, and where PTET still saves you money after the 2025 SALT cap change.