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Corporations have a more credible feel and look, which makes it super easy to do cross border business with other companies.
Attract and keep top talent by offering competitive benefits packages that include shares of your company.
It is easier to attract funding from investors who prefer stocks from corporations.
Business incorporation offers liability protection which allows owners of a corporation to generally not to be personally responsible for business obligations like debts or lawsuits. Incorporation also allows you to add shareholders and raise money from outside investors.
Corporations are typically required to adopt by-laws, hold annual shareholder meetings, issue written corporate resolutions for significant decisions, and file annual reports. Our service allows you to efficiently form your corporation the right way. We also have packages with essential documents and services to meet these incorporation requirements and keep you in compliance.
Shareholders only pay taxes on profits received. Income gets passed through to the owners instead of being taxed at the corporate and shareholder level, so you avoid double taxation.
The maximum number of shareholders is 100.
S corporation owners can only get common stock, which comes with voting rights.
Income is taxed twice—the business pays taxes on its net income, and then the shareholders also pay taxes on the profits they receive.
There are no limits on who and how many people can own shares.
Owners may get preferred stock, which usually comes with no voting rights but priority to dividends before common shareholders.
A unique, catchy and memorable name will ensure that consumers choose you over the competition. We will include a name check with business formation services and reserve a name if possible.
Most states will require you to appoint a person or entity as a registered agent (also called an agent for service of process or statutory agent). A registered agent agrees to receive lawsuits, subpoenas, and other official documents on behalf of your business. You can appoint us as your registered agent to make things easier for you.
Corporations generally must file articles of incorporation. These constitute the charter and legal framework for the business and may contain key information such as the principal location where business will be conducted.
There are typically three types of fees for incorporation: a fee to file the articles of incorporation, which depends on your state; a first-year franchise tax payment, which can range from $800 to $1,000; and attorney fees, should you seek attorney help.
No. Though both are a type of business entity, LLCs (or limited liability companies) have a different ownership structure and less reporting requirements.
Both types of business entities protect owners so they're not personally on
the hook for business liabilities or debts. LLCs have one or more individual
owners, while corporations have shareholders, and corporations generally have
more formal record-keeping and reporting requirements.
Even though LLCs are considered easier to start and maintain, investors tend
to prefer corporations.
It helps ensure that you and other shareholders aren't personally on the hook for company debts and liabilities.
Articles of incorporation are a requirement for forming a corporation. They comprise a formal document that establishes the corporation as a separate business entity. The articles become a public record and provide important information about the corporation, including its name, contact information, and information about its shares of stock. The exact information that the articles need to include vary by state.
Owners of a corporation are called shareholders, and they elect directors to oversee business operations. Corporate profits, called dividends, are distributed to shareholders according to the number of shares each owns.
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