Limited Liability Company
The limited liability company (LLC) is the most popular entity type for small businesses. An LLC combines the personal liability protections of a corporation with the tax flexibility of a partnership. The LLC offers many advantages, including:
- Pass-through taxation
- No residency requirement
- Enhanced credibility
- Legal protection
- Less paperwork than corporation
The Company Corporation makes forming an LLC quick and easy — so you can jump right into business!
The C corporation is the most common type of corporation in the U.S. and has a number of advantages:
- Owners' personal assets are separate from the company's liabilities
- Unlimited growth potential through the sale of common stock
- Certain tax advantages, including reduced likelihood of an IRS audit, when compared to a sole proprietorship
Whether you hope to incorporate your internet or tech startup or change your sole proprietorship to a corporation or LLC, The Company Corporation can help you form your new C corporation in any state, making the process quick and easy.
By meeting certain requirements when incorporating a small business or start up, you can elect to claim a S corporation status with the IRS. An S corporation status allows your company to "pass through" its taxable income or losses to the business owners and investors, eliminating "double taxation" on shareholder dividends and corporate income.
S corporation status also offers limited liability, investment opportunities, continuous existence and a once-a-year tax-filing requirement.
When should you incorporate your startup? If you've given the matter some thought and have decided that now is the right time to take your business to the next stage, The Company Corporation can help you form your corporation and provide you with the paperwork necessary to achieve S corporation status.
Incorporate in Delaware
Delaware's flexible corporate laws and business-friendly state government have made it one of the best states in which to form a business.
Delaware also offers favorable tax treatment for companies headquartered in other states. In fact, more than two-thirds of the largest U.S. companies are incorporated here.
Benefits of incorporating in Delaware:
- Delaware is the leader for corporate law worldwide
- The state does not charge income or property tax
- State filing fees are among the lowest in the country
- Outside investors may require Delaware incorporation
The Company Corporation was founded in Delaware and has a direct link to the state, which results in faster turnaround times. In many cases you'll get your paperwork within 24 hours.