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      Go to 500彩票手机版app下载 Know about us Contact us

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    Advantages of Incorporating
    Types of Corporations
    Advantages of Incorporating

    Anyone who operates a business, alone or with others, may incorporate. Under the right circumstances, the owner of any size business can benefit!

    • Reduces Personal Liability
      Incorporating helps separate you500彩票手机版app下载r personal identity from that of you500彩票手机版app下载r business. Sole proprietors and partners are subject to unlimited personal liability for business debt or law suits against their company. Creditors of the sole proprietorship or partnership can bring suit against the owners of the business and can move to seize the owners’ 500彩票手机版app下载s, cars, savings or other personal assets. Once incorporated, the shareholders of a corporation have only the money they put into the company to lose, and usually no more.

    • Adds Credibility
      A corporate structure communicates permanence, credibility and stature. Even if you500彩票手机版app下载 are the only stockholder or employee, you500彩票手机版app下载r incorporated business may be perceived as a much larger and more credible company. Seeing “,inc.” or “corp.” at the end of you500彩票手机版app下载r business name can send a powerful message to you500彩票手机版app下载r customers, suppliers, and other business associates about you500彩票手机版app下载r commitment to the ongoing success of you500彩票手机版app下载r venture.

    • Tax Advantages - Deductible Employee Benefits
      Incorporating usually provides tax-deductible benefits for you500彩票手机版app下载 and you500彩票手机版app下载r employees. Even if you500彩票手机版app下载 are the only shareholder and employee of you500彩票手机版app下载r business, benefits such as health insurance, life insurance, travel and entertainment expenses may now be deductible. Best of all, corporations usually provide an increased tax shelter for qualified pensions plans or retirement plans (e.g. 401K's).

    • Easier Access to Capital Funding
      Capital can be more easily raised with a corporation through the sale of stock. With sole proprietorships and partnerships, investors are much harder to attract because of the personal liability. Investors are more likely to purchase shares in a corporation where there usually is a separation between personal and business assets. Also, some banks prefer to lend money to corporations.

    • An Enduring Structure
      A corporation is the most enduring legal business structure. Corporations may continue on regardless of what happens to its individual directors, officers, managers or shareholders. If a sole proprietor or partner dies, the business may automatically end or it may become involved in various legal entanglements. Corporations can have unlimited life, extending beyond the illness or death of the owners.

    • Easier Transfer of Ownership
      Ownership of a corporation may be transferred, without substantially disrupting operations or the need for complex legal documentation, through the sale of stock.

    • Anonymity
      Corporations can offer anonymity to its owners. For example, if you500彩票手机版app下载 want to open an independent small business of any kind and do not want you500彩票手机版app下载r involvement to be public knowledge, you500彩票手机版app下载r best choice may be to incorporate. If you500彩票手机版app下载 open as a sole proprietorship, it is hard to hide the fact that you500彩票手机版app下载 are the owner. And as a partnership, you500彩票手机版app下载 will most likely be required to register you500彩票手机版app下载r name and the names of you500彩票手机版app下载r partners with the state and/or county officials in which you500彩票手机版app下载 are doing business.

    • Centralized Management
      With a corporation's centralized management, all decisions are made by you500彩票手机版app下载r board of directors. Your shareholders cannot unilaterally bind you500彩票手机版app下载r company by their acts simply because of their investment. With partnerships, each individual general partner may make binding agreements on behalf of the business that may result in serious financial difficulty to you500彩票手机版app下载 or the partnership as a whole.
    Types of Corporations

    Businesses may choose from a variety of corporate entities, based on their needs. Below are useful descriptions. If you500彩票手机版app下载 have further questions, you500彩票手机版app下载r legal or financial advisors can help you500彩票手机版app下载 decide which type of structure best suits you500彩票手机版app下载r business needs. While We offer legal and/or tax advice and help you500彩票手机版app下载 form you500彩票手机版app下载r new corporation or LLC in any state ... quickly, efficiently and inexpensively!

    General Corporation A general corporation, also known as a "C" corporation, is the most common corporate structure. A general corporation may have an unlimited number of stockholders. Consequently, it is usually chosen by those companies planning to have more than 30 stockholders or large public stock offerings. Since a corporation is a separate legal entity, a stockholder's personal liability is usually limited to the amount of investment in the corporation and no more.


    Close Corporation:   A close corporation is most appropriate for the individual starting a company alone or with a small number of people. There are a few significant differences between a general corporation and a close corporation. A close corporation limits stockholders to a maximum of 30. In addition, many close corporation statutes require that the directors of a close corporation must first offer the shares to existing stockholders before selling to new stockholders. Not all states recognize close corporations.

    Subchapter S Corporation:   A Subchapter S Corporation is a general corporation that has elected a special tax status with the IRS after the corporation has been formed. Subchapter S corporations are most appropriate for small business owners and entrepreneurs who prefer to be taxed as if they were still sole proprietors or partners. When a general corporation makes a profit, it pays a federal corporate income tax on the profit. If the company also declares a dividend, the stockholders must report the dividend as personal income and pay more taxes. S Corporations avoid this "double taxation" (once at the corporate level and again at the personal level) because all income or loss is reported only once on the personal tax returns of the stockholders. For many small businesses, the S Corporation offers the best of both worlds, combining the tax advantages of a sole proprietorship or partnership with the limited liability and enduring life of a corporate structure.


    S Corporation Restrictions:  To elect S Corporation status, you500彩票手机版app下载r corporation must meet specific guidelines.

    1. All stockholders must be citizens or permanent residents of the United States .
    2. The maximum number of stockholders for an S Corporation is 100.
    3. If an S Corporation is held by an "electing small business trust," then all beneficiaries of the trust must be individuals, estates or charitable organizations. Interests in the trust cannot be purchased.
    4. S Corporations may only issue one class of stock.
    5. No more than 25 percent of the gross corporate income may be derived from passive income.
    6. Not all domestic general business corporations are eligible for S Corporation Status. Exclusions:
      • a financial institution that is a bank
      • an insurance company taxed under Subchapter L
      • a Domestic International Sales Corporation (DISC)
      • certain affiliated groups of corporations

    How to File as a Subchapter S Corporation:

    1. Form a general or close corporation in the state of you500彩票手机版app下载r choice.
    2. Obtain the formal consent of the corporation's stockholders and note this consent in you500彩票手机版app下载r corporation's minutes.
    3. Complete Form 2553, Election by a Small Business Corporation. We can provide you500彩票手机版app下载 with the IRS Form 2553 as part of you500彩票手机版app下载r incorporation process. Call us to receive you500彩票手机版app下载r IRS Form 2553 as part of the complete package.

    Limited Liability 500彩票手机版app下载 (LLC) The LLC is not a corporation, but it offers many of the same advantages. Many small business owners and entrepreneurs prefer LLC’s because they combine the limited liability protection of a corporation with the "pass through"" taxation of a sole proprietorship or partnership.

    • LLC’s have additional advantages over corporations:
    • LLC’s allow greater flexibility in management and business organization.
    • LLC’s do not have the ownership restrictions of S Corporations, making them ideal business structures for foreign investors.
    • LLC’s accomplish these aims without the IRS' restrictions of an S Corporation.

    LLC’s are now available in all 50 states and Washington , D.C.

      500彩票手机版app下载 © 2012 Raj Paruthi. All Rights Reserved.


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