Webinar on benefits of incorprating of small business loans

&
Benefits of Incorporating
Why Consider Incorporating Or Forming An LLC
Present
Benefits of Incorporating
Why Consider Incorporating Or Forming An LLC
July 23, 2013

2012 - Entrepreneur.com Top Small Business Finance Resource
2011 - Crain’s Top Entrepreneur
: Who we are
2
• Funded over $850 million to date
• Over 1,100 lenders on our platform, including 50+ micro-lenders
• Have direct reach to our network of over 1.6 million SMB’s

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• A single digital application for all lenders
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• Marketplace environment ensures competitive rates
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each business
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any small business
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Presenter- John Meyer
The Company Corporation is a service company and does not offer any legal or financial advice.

About The Company Corporation
The Company Corporation has been helping companies with business
compliance for the past 100 years
Over the past five years our company has formed more than a quarter
million new LLCs and Corporations
Parent Company partners with over 90% of the Fortune 500 Companies
for business compliance
Founded in 1899 by the architects of Delaware's corporate laws.
Headquarter in Delaware with offices in all 50 states

Walking a tightrope without a net?

A corporation and LLC is a legal entity that is created
under the laws of a state.
It is designed to be a separate legal entity having its own
privileges and liabilities distinct of its owners.
A corporation or LLC has the legal capacity to enter into
agreements or contracts, assume obligations, incur and
pay debts, sue and be sued in its own right, and to be
held responsible for its actions.
What Does Incorporating Or Forming
An LLC Mean?

The Entity Puzzle

Two Types Of Corporations
Features Of: C-Corp S-Corp
Entity Separate legal entity from the
shareholders
Separate legal entity from the
shareholders
Liability Owners Have Limited Liability Owners Have Limited Liability
Control • Run By Board Of Directors
• Must Have Yearly Board
Meetings
• No Limits On Ownership
• Run By Board Of Directors
Meetings
• Limits On Who Can Own
Shares In An S-Corp
Taxation Double Taxation Pass-Through Taxation

LLC vs. S Corp
Features Of: LLC S-Corp
Entity Separate legal entity from the
members
Separate legal entity from the
shareholders
Liability Owners Have Limited Liability Owners Have Limited Liability
Control • Run By Members
• No meeting requirements
• Less Restrictions on
Ownership
• Run By Board Of Directors
Meetings
• Limits On Who Can Own
Shares In An S-Corp
Taxation Pass-Through Taxation Pass-Through Taxation

Why Incorporate?
Personal Asset Protection
Tax Flexibility
Additional Credibility
Less Risk of an Audit
Name Protection

We live in a litigious society where we can get sued for legitimate
and even non legitimate reasons, regardless of guilt
Operating under a corporate entity helps to protect your personal
assets. If you do get sued, your personal assets will be separate from
your corporate assets.
You will be operating under a “Corporate Veil”
– $50,000 Corporate Veil Guarantee®
Personal Asset Protection

Simplified Tax Savings Example
Scenario % Sole Proprietor S-Corp/LLC*
Salary/Commissions $60,000 $40,000
Distribution $20,000
Taxes
Medicare 2.90% $1,740 $1,160
FICA 12.40% $7,440 $4,960
Total Self-Employment 15.30% $9,180 $6,120
Federal Tax (Married) ~28%** $10,835 $10,835
Total Taxes $ $20,015 $16,955
Total Savings
*LLC after filing IRS 2553 form
**With married standard deduction
$3,060

Additional Credibility
Adding "Inc." or "LLC" after your
business name adds instant authority.
Consumers, vendors, and partners
may prefer to do business with an
incorporated company.

Less Risk of an Audit
As reported in the January 24, 2011
Wall Street Journal:
IRS statistics indicate that you are 10
times more likely to be audited as a sole
proprietor than as an S-Corp. or LLC

Name Protection
In most states, other businesses may not file your exact
corporate or LLC name.
Includes: Passing on to children or transitioning to a
buyer.

It Makes Sense!
Personal Asset Protection
Tax Flexibility
Additional Credibility
Less Risk of an Audit
Name Protection

Funding and Growth

Ways to Incorporate

Where to Incorporate?

10 Easy Steps
Name
State
Structure
Purpose
Length of LLC
Shares
Executives
Address
Package and Price
Next Steps

Step 10: What Are the Next Steps?
File Application With
TCC --
TCC Reviews &
Files With SOS
Receive Articles Of
Formation
File For Your EIN
Either Online Or
TCC Can File For
Additional Charge
If You Don’t Want To
Be A C-Corp File
Your S-Election With
The IRS
Open Business
Bank Account

EVERYONE HAS A DREAM.
It’s time to follow yours.
Questions?

Webinar on benefits of incorprating of small business loans

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