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Corporate & Entity Formation
We at Business Law Inc. have extensive experience with forming business entities and will help and assist you in forming your business entity. Please contact us for further information regarding the right entity choice for your business.
Form A Corporation
Why Form a Corporation?
There are several reasons why you should form a corporation when starting a new business;
Protect your personal assets:
Corporations are considered a limited liability entity, meaning that none of the owners are typically liable for the corporation’s debts by virtue of being a shareholder. Incorporating provides for asset protection, since a corporation is a legal entity separate and distinct from its owners. Other entity forms, such as sole proprietorships or general partnerships do not feature a personal liability protection, making the owners personally exposed to liability for all business debts if they should arise. By forming a corporation you are protecting yourself and your personal assets!
Tax advantages:
There are several tax advantages with incorporating your business. One of the most advantageous reasons is income shifting. It occurs when the total income of the corporation is divided equally between the members resulting in a much lower tax total in comparison to other business entities. Incorporating allows for larger tax deductions when it comes to fringe benefits such as salaries and health care insurance and allows for a small business tax deduction to be filed. Depending on what type of corporation you choose for your business, S corporation or C corporation, the tax advantages vary.
Privacy:
If you don’t want your involvement to be public knowledge then form a corporation or an LLC. Shareholders identity can remain confidential in a corporation or an LLC.
Easier to raise capital:
It is easier to attract investors and raise capital since investors are more likely to purchase shares in a corporation than other business entity forms such as sole proprietorships or partnerships. With a corporation, you can offer potential investors corporate stock certificates as tangible evidence of their partial ownership of the business.
Ready to Incorporate?
Click here to purchase a corporation formation package online or call us at 1.858.695.9900 for assistance.
What State to Choose?
What State to Choose?
Laws and fees governing corporations can vary from state to state. You are able o choose which state you want to incorporate in. However, it is usually more cost-effective and simple to form a corporation in the state you conduct business in. If you choose to incorporate in another state than the state you conduct business in, the corporation may be subject to taxation in both states.
However, incorporating in other states, such as Delaware and Nevada, may have substantial benefits for your business. We can help you decide if a Nevada, Delaware or California Corporation is the best choice for your business.
Delaware
Delaware is often called the “Incorporating Capital of the World”. More than 695,000 businesses have their legal home in Delaware. Delaware is recognized to have the most advanced and flexible business formation statute in the nation. The business friendly government along with the customer service process documents and requests much faster than other states. Delaware may be a good choice if you intend to make your company public and offer publicly traded stock. Furthermore, Delaware offer other advantages such as low annual franchise taxes and no state corporate income tax for corporations that operate outside of Delaware.
Nevada
With its privacy and liability protection status, more and more businesses are choosing to incorporate in Nevada. Nevada allows for a higher level of privacy for a business and its owners personal information, since stockholders are not public record, allowing anyone that forms a Nevada corporation complete anonymity. Furthermore, Nevada offers great tax advantages. There is no corporate income tax, no taxes on corporate shares, no franchise tax, no personal income tax and nominal annual fees.
Our Corporate Package
Our Corporation Formation Package includes the following:
- Company name search and reservation
- Preparation and filing of the Articles of Incorporation
- Obtaining a Federal Employee Identification Number (EIN)
- Preparation of Bylaws
- Preparation of Organizational Minutes
- Application for S-corporation for Corporations that choose a S-Corporation
- Preparation and filing of the Statement of Information
- Corporate Kit including:
- Corporate Binder
- Transfer Ledger
- Certificates
- Embossing Seal
- Alter Ego Checklist
- Corporate Operating Memorandum
- Free Consultation
Incorporate your business now for a fee of only $ 1,000 including all state fees!
Ready to Incorporate?
Click here to purchase a corporation formation package online or call us at 1.858.695.9900 for assistance.
Order
Click here to Schedule Complimentary Consultation
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