Many of our clients either own their own company or own a significant portion of a company along with a few other investors.  These businesses cover all types of industries, from retail shops to online stores to research/start-up entites to investment vehicles to consulting operations.  Many of our clients operate consulting businesses either as their sole source of income or to supplement their "W-2" job.

Prague & Company, P.C. has experience with closely held businesses in all stages of development, from idea conception to funding to developmental stage to full-scale operations . . . all the way to liquidation.  We can advise on the best way to structure your new business or your purchase or sale of an existing business to ensure tax efficiency for your transaction and continued operations from the beginning, and the things you should look for - and those you should look to avoid.

Retirement Plans For The Self-Employed

There are tremendous opportunities out there for those who own their own business or operate unincorporated businesses to contribute large amounts to a wide variety of types of retirement plans, allowing money to grow tax-free until retirement age and enabling you to take valuable tax deductions currently.  Prague & Company is experienced in all types of plans, including:

• Keogh Plans  
• SEP (SEP-IRA) Plans
• Money Purchase vs. Profit Sharing Plans
• 401(k) Plans
• Defined Benefit Plans

We can help you analyze the potential tax savings for the various types of plans and maximum annual contributions in your particular case.  Prague & Company, P.C. works closely with outside firms who are available to draft plan documents for your plan(s), if need be.

**The material contained on this web site is provided for information purposes only and is not intended to constitute legal or tax advice. The quality, timeliness, accuracy or completeness of any information at this web site, as well as its operation, is provided as is without representation, warranty or condition of any kind. All liability in respect of such information is disclaimed. Do not rely upon the information or apply it to your situation without first consulting Prague & Company, P.C. or other qualified professionals. Any reference or link to a third party is not an express or implied endorsement by Prague & Company, P.C. and Prague & Company, P.C. is not responsible for the materials on such linked third party web sites.