Starting a business has numerous benefits, such as protecting personal assets and accessing capital for growth. It also boosts credibility in the market. Before starting a business, consider entity types that align with your goals and comply with state regulations. Each type has advantages and requirements, so analyze them before deciding. Secure necessary documents like licenses and permits promptly to meet legal obligations and stay compliant. These steps lead to success while following regulatory frameworks.
Delivering the Best Customer
Experience & Service
Guiding you on the path to properly establish the legal structure of your business. Protect your business and enjoy the benefits of creating the proper structure to propel your business forward with the right foundation.
Empowering Your Business with Modern Corporate Formation & Consulting. Maximize Your Business’s Potential by Choosing the Right Legal Structure. Register, manage and protect your business with us today to start benefitting!
Starting a business is a major decision and can be overwhelming. However, taking the time to do it right can provide lifelong financial benefits. We guide you through the paperwork and help get your new venture up and running quickly so you can start focusing on the more exciting aspects of your entrepreneurial journey.
It’s wise to check your name against similar businesses in your area. We include a name check with our formation services and can reserve names for you.
Select registered agent (RA)
Also called an agent for service of process or statutory agent, an RA receives your legal notices during normal business hours. Most states require this, and we can do it for you.
File Articles of Organization
Also called a certificate of formation, this doc contains basic details about your Business. When we file this for you, it’s typically sent to the Secretary of State.
Determine Licenses Needed
It’s wise to check your name against similar businesses in your area. We include a name check with our formation services and can reserve names for you.
Prepare an Operating Agreement
Also called an agent for service of process or statutory agent, an RA receives your Business’s legal notices during normal business hours. Most states require this, and we can do it for you.
Get an EIN
An EIN is an employment identification number. Also called a certificate of formation, this doc contains basic details about your Business. When we file this for you, it’s typically sent to the Secretary of State.
Discover the essence and benefits of corporations, uncovering their profound significance in enriching lives. Let the adventure begin!
A corporation, an esteemed business entity, is established through the process of filing formation documents with the state, commonly known as incorporation. Much like a Limited Liability Company (LLC), a corporation is a separate legal entity, bestowing protection against business liabilities and debts. In addition to these benefits, corporations present further advantages such as the presence of shareholders, offering ownership opportunities, as well as the ability to attract external investors, thereby unlocking avenues for growth and expansion.
Typically, the legal structure of a corporation requires the officers to abide by statutory protocols and procedures, thus ensuring transparency and accountability.
Moreover, corporate structures also enable businesses to access more credit opportunities as they are viewed as separate entities from the owners’ personal assets. Furthermore, profits earned through corporations may be taxed at lower rates than those for individuals. Lastly, corporations
Why Start a Corporation?
Entice Employees
Attract and keep top talent by offering competitive benefits packages that include shares of your company.
Attract Investors
Raise funds by appealing to investors who may prefer corporations for the ability to offer stock.
Look More Official
Corporations are often seen as more credible, which can make it easier to do business with other companies.
Benefits of having a Corporation
There are numerous benefits to forming a corporation. Incorporation provides liability protection, shielding owners from personal responsibility for business obligations such as debts or lawsuits. This legal structure not only safeguards the personal assets of the owners but also instills a sense of trust and confidence in potential investors, making it easier to attract external investments and fuel business growth.
In addition to liability protection and the inclusion of shareholders, corporations are subject to certain legal obligations that must be upheld. This includes the adoption of by-laws, which serve as guidelines for corporate governance, and the conduct of annual shareholder meetings to discuss company affairs and make important decisions. Furthermore, corporations are required to issue written corporate resolutions for significant matters and file annual reports to keep stakeholders informed about the company’s financial performance and overall compliance.
S-Corp or C-Corp: What's the Difference?
S corporation and C corporation designations are both valid choices when incorporating a business—and whichever you choose, we can help make it happen. Before you make your decision, make sure you understand the pros and cons of each.
S-Corp
Taxes on profits only
Shareholders only pay taxes on profits received. Income gets passed through to owners instead of being taxed at the corporate & shareholder level, avoiding double taxation.
Shareholder maximum
The maximum shareholders is 100, and they all must be U.S. citizens or residents.
Only common stock available
S corporation owners can only get common stock, which comes with voting rights.
C-Corp
Taxes on income and profits
Income is taxed twice—the business pays taxes on its net income, and then the shareholders also pay taxes on the profits they receive
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No Shareholder maximum
There are no limits on who and how many people can own shares.
Preferred stock available
Owners may get preferred stock, which usually comes with no voting rights but priority to dividends before common shareholders.
let’s take a closer look into what LLC are and the differences and benefits they have in regards to S-Corps and C-Corps as Corporate Entities
What is an LLC?
Looking to start a business? An LLC may be the best option for you. An LLC, or limited liability company, offers protection for your personal assets while providing flexibility in management and tax benefits. Learn more about starting an LLC today.
Do I need an LLC?
Wondering if you need an LLC? Protect your personal assets and limit your liability with a legal entity. Let us guide you through the process of forming an LLC for your business. Contact us today to get started.
let’s take a closer look into what LLC are and the differences and benefits they have in regards to S-Corps and C-Corps as Corporate Entities
Protect personal assets
Protect your personal assets and secure your business’s future by forming an LLC. Keep your finances separate and shield yourself from potential liabilities.
Make it easier
Forming an LLC is simpler and less complicated than starting a corporation. It also has easier record-keeping requirements. Start your LLC today!
Get tax flexibility
Maximize savings and minimize tax liability by choosing your tax classification: LLC or corporation. We help you decide.