The primary focus of the Silver Tier is entity formation for new businesses or entity transformation for existing businesses. Many people form entities such as LLCs, C-Corps or S-Corps, but don’t truly understand the differences or even the benefits between them. Starting a small business is more than just creating a business entity then engaging in business. The way that a business entity is formed, dictates its limited liability and tax benefits. For example, although C-Corps are subject to double taxation (at the business level and the individual level), they can also provide advantages for smaller business owners. Such advantages include mechanisms for avoiding the self-employment tax and greater flexibility when it comes to some deductions, salaries, and dividend distributions. LLCs on the other hand, are not subject to double taxation because of the pass through nature of their taxes. LLCs simply file with the IRS and can lower the tax burden by taking advantage of strategic deductions or deferral options.

In fact, did you know that small business benefits vary by state? For example, states like Delaware and Wyoming have among the best privacy laws, while Wyoming and Nevada also have among the lowest business taxes. Moreover, states like New Mexico have some of the lowest setup and maintenance fees and don't require annual reporting. These and additional details will be explored as a part of the Silver Tier, where you will work with your coach to strategize on the business structure, explore startup options, and write a business plan among other things. Strategic partners include, all partners from the Bronze Tier as well as a Tax Expert and a branding specialist to name a few.

The services that are a part of the Silver Tier include (All of the services of the Bronze Tier, as well as):

• Online Self-Paced Training

• Planning Roadmap – Business Entity Strategy

• Professional Network

• Small Business Ideation

• Business Planning

• Small Business Funding Strategies

• Entity Formation/ Transformation

• Small Business Anonymity Strategy (DBA, Foreign Entity)

• Small Business Tax Strategies