When you business you are filing your tax return based on what is your "business entity". As examples, you could be a sole proprietorship, a partnership, a C corporation or a C corporation that has taken the S option.

Mike McCormick, Certified Public Accountant (CPA), Certified Tax Coach (CTC), and author of "The Entrepreneur's Guide to Forming a Business Entity" visits for this hour of discussion on how to select the right one for you.

In addition to providing a free download of this book, Mike explained how to engage your attorney and the individual who prepares your tax returns in making this very important decision. 

While everyone has most likely made this decision, it is very possible you need to update your choice.