Frequently Asked Questions

Corporate Citizens LLC is a full-service accounting, tax, and finance firm that helps everyday Americans transition from employee to employer and onward to investor. We combine corporate services, tax planning, bookkeeping, business financing, wealth strategies, and consulting so clients can use the same tools and tax advantages that large corporations rely on.

Corporate Citizens LLC is based in New York and serves clients across the United States, including New York, Florida, Connecticut, New Jersey and beyond. We work with small-business owners, real estate investors, traders in securities, online businesses, influencers, construction companies, manufacturers, and other entrepreneurs. 

Corporate Citizens LLC was founded by Louie A. Parnes, a finance and tax professional dedicated to bringing “Wall Street-level” strategy to Main Street entrepreneurs. Louie focuses on using entity structures, tax planning, and smart investments to help clients protect assets and build long-term wealth. 

Most firms focus only on annual tax returns. Corporate Citizens LLC focuses on your entire wealth journey — from forming the right LLC or trust, to optimizing your taxes, to structuring mortgage note investments, turnkey real estate, and personalized investment vehicles. We think like a blend of Big-4 accounting, high-finance, and management consulting, but tailored to small and mid-sized clients. 

We start with entity and trust formation, then move into ongoing bookkeeping, tax planning, consulting, and financing. As your business grows, we help you branch into real estate, private credit, mortgage notes, and other investment strategies, always with an eye on tax efficiency and asset protection. 

Yes. Many of our clients come to us with no entity, no bookkeeping system, and no prior tax planning. We design a step-by-step plan to get you properly set up, compliant, and moving toward your first business and investment goals. 

We frequently work with established businesses that feel they’ve outgrown basic tax prep. We review your current structure, returns, and financials to identify missed deductions, inefficient entities, and opportunities to upgrade from “simple compliance” to strategic tax and financial planning. 

We believe in transparent, upfront pricing. For most services (like LLC formation or personal/business tax returns), we offer clear, all-in pricing so you know the full cost before we start. For larger projects (M&A, consulting, private investment fund creation), we price based on scope and complexity. 

We assist with operating agreements, partnership agreements, independent contractor agreements, NDAs, resolutions, lien filings, judgment filings, investment agreements, and select estate or trust-related documents, often in collaboration with legal counsel where required. 

Corporate Citizens LLC is not a law firm. We operate as a full-service accounting and finance firm that offers self-help legal and document prep services. When legal representation or court appearances are needed, we coordinate with attorneys. 

Because we combine legal structure thinking with tax and accounting insight, our documents are designed to match your financial reality: ownership percentages, profit allocation, capital contributions, and tax elections all work together rather than conflict. 

Yes. We regularly help clients create multi-member LLC agreements, joint venture agreements, investment club agreements, and partnership structures for real estate, lending, and operating businesses.

Yes. Corporate Citizens LLC supports patent, copyright, and trademark strategy and filings as part of a broader asset-protection and brand-building plan, especially for influencers, online brands, and emerging franchises.

We can review your existing documents from a financial, tax, and structural perspective, identify potential issues, and suggest revisions or strategies. Where formal legal interpretation is needed, we may recommend that you also consult with an attorney.

Your contracts define who gets paid, how, and when. That directly affects tax treatment, deductible expenses, basis, and reporting. We make sure the paperwork supports your desired tax and financial outcomes, not just the legal relationship.

Accurate bookkeeping is the backbone of tax savings, financing approvals, and strategic decisions. Without clean books, you’re guessing about profits, paying more in taxes, and risking problems in an audit or sale. 

We primarily work with QuickBooks Online and related tools, but we can also help transition from spreadsheets or other software into a professional cloud-based system.

Depending on your needs, we can provide monthly, quarterly, or real-time bookkeeping, including reconciliations, categorization, and financial reporting.

We can provide profit and loss statements, balance sheets, cash-flow reports, AR/AP reports, job or project-based reporting, and custom dashboards to help you understand your business in detail.

Yes. We frequently do book clean-up projects, reconstructing prior years, fixing mis-classifications, and making sure your books match your tax returns.

Correctly categorized expenses, capital vs. repairs, owner draws, and loan treatment all have direct tax consequences. Clean books let us design better tax strategies and make your returns faster and more accurate.

Yes. We can help you set up AR processes, invoicing workflows, payment terms, and reminder systems, which improves cash flow and lowers the risk of unpaid invoices. 

We help clients analyze targets, structure deals, review financials, coordinate tax planning, and navigate the purchase or sale of a business. This includes asset purchases, stock deals, and internal ownership transfers.

Yes. We assist with cash-flow analysis, EBITDA normalization, multiples benchmarking, and practical valuation ranges to help you negotiate from a position of strength.

Absolutely. We support both buyers and sellers—reviewing financials, analyzing risks, and making sure the numbers and structure make sense for your long-term tax and wealth plan. 

Deal structure directly affects capital gains, ordinary income, depreciation recapture, and future deductions. We help design a structure that reduces tax drag and keeps more net proceeds in your pocket.

Yes. We support family business succession, partnership buy-ins, and internal equity plans, coordinating tax, entity, and estate considerations.

We provide business, tax, financial, and management consulting—helping clients improve operations, increase profitability, reduce tax burden, and make smarter investment decisions.

Traditional firms bring strategy; we bring strategy plus tax, accounting, and real-world implementation. Our advice is grounded in the numbers, your tax situation, and your actual cash flow.

Yes. Corporate Citizens LLC can act as a fractional CFO, helping with budgeting, forecasting, pricing, KPIs, capital allocation, and financial decision-making.

Definitely. We often run training sessions, dashboards, and recurring leadership reviews so owners and managers can understand their numbers and make better decisions.

Consulting helps you run the business like an owner, not just a technician—then design the path to building investment portfolios, real estate holdings, and private credit strategies on top of a strong operating company.

We handle job costing, cash-flow planning, payroll, tax strategy, and financial reporting tailored to construction and trades.

Yes. We work with progress payments, retainage, materials deposits, subcontractor payments, and seasonal cycles to keep your projects financially healthy.

Clean financials and proper entity structure are essential for bonding and bank relationships. We help you present strong financials and manage ratios lenders care about.

Yes. We serve general contractors, subcontractors, specialty trades, and small construction businesses.

Yes. We work with day traders, swing traders, options traders, and other active market participants who need specialized tax treatment.

Yes. We help evaluate whether trader status is appropriate, how and when to elect Mark-to-Market, and how to report trading activity properly.

We can review prior-year returns, identify errors, amend where beneficial, and build a better framework going forward.

We provide cost accounting, inventory, job costing, tax credits, cash-flow management, and strategic planning for manufacturers and industrial businesses.

Yes. We help ensure that materials, labor, and overhead are tracked correctly, so your margins and pricing decisions are based on accurate data.