Incorporation & LLC Formation Services
Protect your personal assets and get tax advantages by forming a Limited Liability Company (LLC) or Corporation today.
Basic entity formation packages include the following:
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Online Name Availability Check
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Employer Identification Number (EIN) / Tax ID Application
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Tax Structure Elections (LLC S Corp or C Corp Elections)
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State Certificate of Organization / Incorporation
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State Certificate of Existence
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Operating Agreement / Corporate By-laws
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Sales Tax Registration
*Fees and filing requirements vary by state. For example NYS LLCs are required to apply for a certificate of publication within 120 days from formation; this service and the associated fees are not included in our basic business formation package.
Why form a LLC or Corporation? Below are some of the top reasons....
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Personal asset protection
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Income tax benefits
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Enhanced credibility
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Brand protection
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Tax deductible expenses
LLC, Corporation or S Corporation: We can provide guidance to assist you with choosing a business structure....
In deciding a business structure, below are some of the factors to consider:
Advantages
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Asset protection
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Profit allocation flexibility
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Less formalities in comparison to a Corporation
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Tax election flexibility
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Qualified Business Income tax deduction
Limited Liability Company
Disadvantages
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Self-employment taxation
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Operating agreements usually make it difficult to acquire additional investors
Corporation
Advantages
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Asset protection
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Profits are personally taxed when distributed
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Less regulations surrounding owner/emloyee fringe benefits in comparison to a S Corporation
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No limit on number of shareholders
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Option to issue multiple classes of stock
Disadvantages
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Double taxation
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Formalities can become burdensome for single or two person business entities
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Inflexible profit & loss allocation
S Corporation
Advantages
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Asset protection
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Flow through profits are not subject to self-employment taxes
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Qualified Business Income tax deduction
Disadvantages
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Formalities can become burdensome for single or two person business entities
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Inflexible profit & loss allocation
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Ambiguity surrounding owner/employee "reasonable compensation" rules
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Non-US citizens/Non-US residents cannot be S Corporation Shareholders
Contact Us
Contact us with any questions you may have regarding your personal and/or business tax situation