IN THIS PART …

Minimize your tax bill through year-round tax planning and understand the recent tax bill. Be sure to factor taxes into your small business decisions, check out common tax mistakes, and understand tax terms and rates.

Decide what business entity (corporation, LLC, sole proprietorship, and so on) to use, and consider what benefits to offer to your employees.

Investigate your small business retirement account options — such as SEP-IRAs, SIMPLE plans, 403(b) plans, and 401(k) plans — and select top-notch investments.

Handle small business real estate decisions, such as deciding whether to work out of your home, lease space, or buy property.

Plan your estate, including your small business. Determine your estate’s tax concerns and reduce your expected estate taxes.