Business Entity Workshop Offered by the EDC

Wednesday, January 28, 9-10:30 a.m., San Juan Island Library

— from Victoria Compton, Economic Development Council —

The San Juan County Economic Development Council, in partnership with Islanders Bank and Lake Kennedy McCulloch, CPAs, will present a free workshop on choosing a business entity.

When starting or building a business, many entrepreneurs wonder which entity is right for their businesses – should they create an S corporation, a C corporation, a limited partnership, a sole proprietorship or an LLC?  Making the right choice is a critical part of ensuring future business success and protecting business owners from some liabilities.

Join in an up-close look at the various business entities. Covered will be topics such as: What tax advantages does each entity offer? What personal liability does each entity expose a business owner to? Will forming a certain type of entity give the business more credibility with customers? How does citizenship affect entity options?  Will there be business losses for the first few years…or investors in the years to come, and how could that affect a choice of business entity?

All of these issues, and more, are covered in this workshop led by Chris Compton, CPA at Lake Kennedy McCulloch, CPA’s. Mr. Compton has worked as a CPA for over 11 years, moving to Friday Harbor from Alaska with his wife, Anna.

Details:  Wednesday, January 28 from 9-10:30 a.m. at the San Juan Island Library. The event is co-hosted by the San Juan County Economic Development Council, Islanders Bank and Lake Kennedy McCulloch, CPA’s. Advance registration is required; please call 360-378-2906 to reserve your space, or email: info@sanjuansedc.org. The class will be offered on Orcas Island in the fall.

The EDC thanks Islanders Bank, Lake Kennedy McCulloch, CPAs, San Juan County government, Whidbey Island Bank, the Town of Friday Harbor, the Port of Friday Harbor and the Port of Lopez for supporting our Business Education Series.  This event is not sponsored by San Juan Island Library.

The San Juan County Economic Development Council (EDC) strives to strengthen and diversify the economy of San Juan County.  We believe a strong economy builds a strong community.   The EDC works to build an environment that helps business owners create jobs.  We serve business:  linking organizations and resources, providing valuable information, rendering assistance and advocating for an improved island business environment.