Business Entity Filing

Forming a new Corporation or LLC ? There are several different structures to consider when deciding the type of entity your business will operate under.

LIMITED LIABILITY COMPANY (LLC)

Over the years this has been the most used structure and provides most of the same protection as a “C” corporation.

“C” CORPORATION

The most common structure but typically not the best choice for small startup businesses. Federal tax laws provide the income of the business to be filed separately and not pass thru the owners. This structure offers unlimited growth potential and attracts investors through the sale of stocks.

“S” CORPORATION

The key advantage of an “S” Corporation is that it is not double taxed, and the remaining profits from the company are distributed to the owners to their financial interest and taxed at a lower rate.

NON-PROFIT COMPANY

These organizations are tax exempt usually from both state and federal taxes and have access to grants and donations from both the public and government departments.

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Forming a Corporation

To register your business as a corporation, you will need to file certain documents, typically articles of incorporation, with your state’s Secretary of State office. Some states require corporations to establish directors and issue stock certificates to initial shareholders in the registration process. If you are hiring employees, read more about federal and state regulations for employers.

Forming an LLC

File the Articles of Organization. The “articles of organization” is a simple document that legitimizes your LLC and includes information like your business name, address, and the names of its members. The form is provided by and filed with your state’s LLC office. For most states, you file with the Secretary of State.

Call Us Today to Learn More! (800) 793-1745 or Local (702) 982-5724

Filing Taxes

The federal government recognizes an LLC as a sole proprietorship and does not tax it as a separate business entity. Since there is no set filing tax rules, an LLC may choose to file as a corporation, partnership or sole proprietor, FEIN (Federal Employer Identification Number) tax status change may be required.

Limited Liability Company

Unlike shareholders in a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses are “passed through” the business to each member of the LLC. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would.

Flexible Packages Plans

Click on Our Package Pricing Below to see Which Type of Business Formation is Right for You.

LLC

$985

-Articles
-Manager listing
-Federal ID number
-State compliance filing
-State fees
-Operating Agreement
-Registered Agent (1yr)
-Banking Resolution
-Merchants account setup

GET STARTED!

S CORP

$1,035

-Articles
-Officer
-Federal ID number
-State compliance filing
-State fees
-By-Laws
-S Corp Federal Filing
-Registered agent (1yr)
-Business number/411 listing setup
-Banking Resolution
-D&B registration/number
-State sales tax application
-Merchants account setup

GET STARTED!

C CORP

$1,250

-Articles
-Officer or Manager listing
-Federal ID number
-State compliance filing
-State fees
-By-Laws
-Registered agent (2yr)
-Business number/411 listing setup
-Banking Resolution
-D&B registration/number
-State sales tax application
-Legal service (30days)
-Merchants account setup
-Corporate kit with business seal (Business package only)

GET STARTED!

NON-PROFIT

$3,175

-Articles
-Officer or Manager listing
-Federal ID number
-State compliance filing
-State fees
-By-Laws/or Operating Agreement
-Registered agent (2yr)
-Business number/411 listing setup
-Banking Resolution
-D&B registration/number
-State sales tax application
-Legal service (30days)
-Merchants account setup
-State/Federal 501c(3) Filings
-Corporate kit with business seal (Business package only)

GET STARTED!

* All prices noted on the order form are for the state of Nevada. However, we do filings for all 50 states. The client invoice will reflect costs related to the adjusted state fees per filling state.

Company Structure Benefits

There are several different structures to consider when deciding the type of entity your business will operate under:

By operating as a corporation you are separating yourself from the affairs of the business, while taking advantage of tax shelters – The Corporation stands on its own and is not affected by the owner’s personal debts or other liabilities.  Incorporating your business adds credibility and provides the professional presence customers, and creditors are looking for.  As well, it provides the asset and liability protection you need.

The most common structure but typically not the best choice for small startup businesses.  Here are some key points for this type of structure; less risk for audits, the income of the business is filed separately and does not pass thru the owners, unlimited shareholders, easier to raise capital, self-employment tax savings and frequently higher salaries to owners that work within the company.
The key advantage of an S corp is that it is not double taxed, and the remaining profits from the company are distributed to the owners to their financial interest and taxed at a lower rate.  Payments to owners can be characterized as dividends or as wages; however, heavily scrutinized by the IRS.  There can only be one class of stock. Therefore the distribution of annual profit or loss must be controlled by shareholders’ ownership, and to maintain the accumulated adjustments and accountant is required for accuracy
Over the years this has been the most used structure and provides most of the same protection as a “C” corporation.  With this type of entity, the managers of the company or identified as Managers or Members and an Operating Agreement is used in place of By-Laws, which define how the members will govern day to day activity and describes each members’ financial management. The business does not file taxes like a “C” corp. Instead, the profit/or losses are passed through to the owners, therefore eliminating the double tax imposed on a “C” corp.  There are fewer formalities an LLC has to follow compared to a “C” structure,  and the company inner structure is more flexible. As an LLC the owner(s) will not be responsible for any liability that exceeds their invested interest in the business.
Although this structure does not engage in a profitable activity they to provide limited liability protection to the directors and officers.  These organizations are tax exempt usually from both state and federal taxes and have access to grants and donations from both the public and government departments.

“No business is in business, unless they are operating for success”

Call Us Today to Learn More! (800) 793-1745 or Local (702) 982-5724

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