Overview on the incorporation process.

1. Incorporate or Form an LLC Today Protect Your Personal Assets Brought to you by The Company Corporation www.incorporate.com

6. The Internal Revenue Service (IRS) refers to general corporations as "C" Corporations. Forming a C Corporation allows a business owner to create a separate legal structure that can shield their personal assets from judgments against the business. Unless a corporation applies for S Corporation status, the IRS taxes corporate profits as well as dividends paid to shareholders. Many tax professionals refer to this scenario as " double taxation ." The Company Corporation can help you form your new C Corporation online in any state or the District of Columbia. This tried-and-true business structure has many advantages, including: - Limited liability for directors, officers, shareholders, and employees - Attract investors through the sale of shares of stock - Can issue more than one type of stock (example: common and preferred classes) - No limit to number of shareholders, who need not be U.S. citizens or residents - Perpetual existence, even if an owner leaves the business - Can deduct ordinary business expenses as well as benefits to employees - Can split profit and loss between owners and the business for a possible lower overall tax rate

7. S Corporations get their name from a unique section of the Internal Revenue Service (IRS) code. A corporation can eliminate the disadvantage of double taxation of corporate income and shareholder dividends by applying for S Corporation status. Owners report profit and loss on their individual tax returns. They still have the opportunity to separate and protect their personal assets from judgments against the business. The Company Corporation can help you form your new S Corporation in any state or the District of Columbia. Advantages include: - Limited liability for directors, officers, shareholders, and employees - Owners can report their share of profit and loss on their individual tax returns - Perpetual existence, even if an owner leaves the business - Attract investors through the sale of shares of stock

8. A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the personal liability protection of a corporation. LLC owners report their share of business profit and loss on their personal tax returns, similar to tax reporting for a general partnership. Forming an LLC can help you separate yourself from your business, protecting your personal assets in the event of a judgment against the company. All 50 states and the District of Columbia now recognize this popular business type. This business structure has many advantages, including: - Owners have limited liability for business debts and obligations. - Owners can report their share of profit and loss on their individual tax returns without filing a separate corporate tax return. - Owners do not need to be U.S. citizens or permanent residents. - LLCs do not need to hold annual meetings or record meeting minutes (though we recommend it) - LLCs can be owned by individuals or other companies.

11. Where to Incorporate? Most of our customers form their new companies in the state where they conduct the majority of their business.

12. Two Ways to Incorporate Phone Call Website