Atypical Advisors

05/21/2025

We are thrilled to announce that both Patrick and Sarah will be joining an amazing line up of speakers at the Private Practice 2.0: Next-Step Growth Strategies & Security Planning Canada 2025 Therapist Conference in Kanaskis Village in Alberta Canada September 4th - 6th!

Limited spots available! Reserve your place where therapeutic excellence meets mountain magic.

https://courses.therapistlearningcenter.com/2025-canada-therapist-conference

12/11/2023

Thinking a Corporation, "aka C Corp", for your small business? Here is your concise guide 🏢✨

4th of this series 📚📚

🚀 Current Use & Popularity: Corporations, the go-to for growth seekers, have been losing a bit of their small biz charm lately. Let's explore why! 🕵️‍♂️

Pros!
🛡️ Limited Liability - Shield personal assets from business liabilities and outsider vengeance.
💰 Access to Capital - Raise capital by issuing stocks, attractive to investors and equity participation.
🕰️ Perpetual Existence - Entity persists after founders, ensures continuity even in the face ownership or leadership changes.
📊 Tax Advantages - Enjoy potential tax benefits and the ability to split income between entity and shareholders.

Cons....
🤯 Complexity - Intricate legal and administrative processes can be overwhelming
📑 Formality and Regulations - Burden of stricter regulations, annual meetings, and extensive required documentation
🔄 Double Taxation - Profits potentially double taxed - first, at the business and second to the shareholder

Should you consider a structure change soon?
1. Changing Business Dynamics - Evolving business? Assess if Corp structure aligns with new objectives and requirements.
2. Tax Efficiency - Tax laws changes or outgrowing current structure tax benefits, timing may be right to explore alternative structures.
3. Operational Simplicity - Administrative demands too cumbersome, a structure shift might be warranted for more flexibility.

While the decrease in the use of corporations among small businesses is evident, it's crucial to look at your business' needs. Corporations offer a powerful platform for growth and financial flexibility. However, the decision to adopt or alter this structure should be a thoughtful one, considering the unique needs of your business. 🚀💡

-------------

As CPAs, Atypical Advisors are here to guide you through this process. Feel free to reach out for a consultation! 🚀 We serve and guide startups and small businesses through the jungles of structure, growth, accounting and taxation. Visit us at Atypical Advisors or atypicaladvisors.com

Call now to connect with business.

12/06/2023

"Unlocking Business Success: The Power of Choosing an LLC!

Business Structure part III

📊 Considering entity structures for your new business? Here's the lowdown on why an LLC might be your go-to choice. 🏢💡

Ideal for:
👩‍💼 Small to medium-sized businesses, freelancers, and consultants and modest enterprises
🤸‍♂️ Entrepreneurs seeking a balance of flexibility, self-management and asset protection.

Advantages:
🛡️Liability Protection: Keep personal assets shielded from business liabilities and outside attack.
💃Tax Options: Choose between pass-through simplicity or a more formal corporate tax structure.
🕵️‍♂️Operational Simplicity: Less administrative hassle, more focus on your business strategy. 📈

When to Look Elsewhere:
📈 If major external investments are on the horizon, LLCs may not be optimal, consider a Corporation structure.
💸 If taxes are not your cup of tea, the LLC might not be the optimal choice. Tax rules can be intricate and self-employment tax implications may be higher in specific situations.

While the LLC offers perks, it's not a one-size-fits-all solution. While LLCs are the most common entity today and are easy to create, let's have a conversation to determine the best fit for your unique business needs. 🧑‍💼🔍

-------------

As CPAs, Atypical Advisors are here to guide you through this process. Feel free to reach out for a consultation! 🚀 We serve and guide startup and small businesses through the jungles of structure, growth, accounting and taxation. Visit us at Atypical Advisors or atypicaladvisors.com.

Send a message to learn more

11/27/2023

🚀 Partnership Power Play: Elevating Your Startup with the Ideal Entity Structure! 🚀 - Second of the series!

In the world of business structures, partnerships stand out as dynamic tools for entrepreneurs and small businesses. Choosing a general partnership is more than a business move; it's a strategic decision that aligns perfectly with the dynamic needs of startups.🚀 Here's a quick overview:

Who Should Consider Partnerships?
🤝 Professional Services: Law firms, accounting wizards, and consulting services enjoy the collaborative spirit
🛍️Small Retail Businesses: Local shops benefit from the simplicity
🎨Creative Mavericks: Graphic design studios, content creators, and all things creative flourish under the flexibility

What are the perks of a General Partnership Over All Others?
✨ Teamwork Magic: Share tasks with others, prevent burnout, fostering the ultimate teamwork strategy.
🔄 Simplicity & Flexibility: Easy setup, flexible decisions, an entrepreneur's streamlined dream.
💰 Tax Simplicity: Pass-through taxation benefits startups, simplifying financial challenges for individual partners
📈 Unity in Outcomes: Shared profits, losses align all for business success.
🚪 Smooth exits: Dissolving a general partnership is straightforward, a safety net.

🚀 CPA Insight: Time for Business Check-Ins! As a CPA, I often guide businesses to consider reevaluating your general partnership if:
1️⃣ Objectives misalign with performance.
2️⃣ Global expansion is on the horizon.
3️⃣ Rapid growth demands scalability.
4️⃣ Tech advancements need integration.
5️⃣ Legal changes impact compliance.
6️⃣ Decision-making dynamics shift.

Remember, change is the only constant in business. Regularly reviewing your entity structure ensures it evolves with your business's needs and goals. 💼

-------------

As CPAs, we are here to guide you through this process. Feel free to reach out for a consultation! 🚀 Atypical Advisors serves and guides startup and small businesses through the jungles of structure, growth, accounting and taxation. Visit us at Atypical Advisors or atypicaladvisors.com.

11/25/2023

🌟 Honoring Small Business Saturday! 🌟

This Small Business Saturday, we extend our deepest appreciation to the heartbeat of our economy—small businesses. At Atypical Advisors, we recognize the immense contributions they make, not only to our local communities but also to the broader landscape of the U.S. economy.

🛍️ Why prioritize small businesses? Here's why they matter for America:

1️⃣ Local Economic Growth: Small businesses are the cornerstone of local economies, creating jobs and fostering growth right in our own backyards.

2️⃣ Innovation Hub: Often the birthplace of innovation, small businesses drive creativity, pushing industries forward and contributing to the nation's overall progress.

3️⃣ Community Fabric: Small businesses weave the fabric of our communities, fostering connections and a sense of identity that strengthens the social tapestry.

4️⃣ Macroeconomic Impact: Collectively, small businesses wield substantial influence on the national economy. They contribute significantly to GDP, job creation, and economic resilience.

To our small business clients, thank you for entrusting us with your financial journey. Your dedication not only shapes the local landscapes we serve but also plays a vital role in sculpting the economic destiny of our great nation.



This Small Business Saturday, let's celebrate the remarkable impact of small businesses on both the local and national stage. Together, we build a stronger, more prosperous America! 🇺🇸💼✨

-------------

Atypical Advisors serves and guides startup and small businesses through the jungles of financial operations, growth, accounting and taxation. Visit us at Atypical Advisors or atypicaladvisors.com.

11/21/2023

Unlocking Entrepreneurial Potential: The Sole Proprietorship Deep Dive - First of the series!


Ready to level up your business structure game? Let's talk Sole Proprietorship! 🚀


Sole Proprietorship, the unsung hero of small businesses and solo warriors! 🦸‍♂️ Perfect for freelancers, consultants, and anyone flying solo, this structure keeps things simple, costs low, and hands you the reins of control. Tax perks, anyone? 💰

But hold up, there's a plot twist! 🔄 While you're basking in the glory of independence, watch out for the shadow side — unlimited liability and a cap on capital. 😱

Now, picture this: Your business is growing, raking in profits, and you're eyeing the big leagues. Time for a structure glow-up! 💡 Think partnerships, LLCs, or corporations for added oomph and strategic advantages.

Stay tuned for more in our Business Structure Series! Because, hey, your business deserves the best script! 🌟

-------------

More questions....give your startup expert guides a call. Atypical Advisors serves and guides startup and small businesses through the jungles of structure, growth, accounting and taxation. Visit us at Atypical Advisors or atypicaladvisors.com.