If you’re an existing business owner or opening a new company, you may want to consider the advantages of forming a corporation. A corporation is a legal entity that has many of the same rights a person does, which adds a layer of security to you and anyone else who invests time or resources into your enterprise.
One of the most important benefits to forming a corporation is limited liability.
If your company is the subject of a lawsuit, legal claim, or is unfortunate enough to one day face bankruptcy, limited liability can protect your personal assets from these and other hazards that may arise as you do business.
Incorporating your business can also make your company more attractive to outside investors, enabling you to efficiently raise capital for your venture.
By starting a corporation you may, furthermore, save money on taxes and have greater flexibility to operate and grow your business in response to changes in the market. Regardless of the size of your business today, starting a corporation is a great way to prepare for the success of tomorrow.
Still wondering if forming a corporation is a good direction for your business? Check out our LEARNING CORNER on the sidebar to the right, to learn the differences between launching a corporation and starting your own LLC.
There are many steps to forming a corporation, but we can help you incorporate for less and much faster than anyone else. Our standard rate for this service includes everything you will need to have your corporation up and running for the first year.
If you’re ready to make your corporation a reality, GET STARTED NOW!
There might be cheaper options out there when it comes to incorporating. We believe that we are the best choice because of the level of service we provide.
Here is a list of what you’ll get included in our fee:
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What are the differences between LLC and S-corporation?
When you incorporate, you are a regular “C-Corp”. The S-Corp. status is granted by the IRS pending the filing in a timely manner of the proper paperwork. Although an S corporation shares some of the same tax characteristics of a LLC, the latter is somewhat more flexible and does not have some of the restrictions on ownership of an S corporation.
An S corporation must not have more than 100 shareholders, all of whom must be U.S. citizens or legal residents.
An S corporation is also subject to more formalities, such as holding annual meetings and keeping corporate minutes. On the other hand, LLCs generally are not required to hold formal meetings, but an LLC owner may be subject to higher self-employment taxes than a comparable S corporation owner. That is because an S corporation owner is required to pay self-employment tax only on salary, but not on dividends from the corporation.