Things to Consider When Incorporating
To incorporate means that the business is now legally a separate entity from its owners, shielding them from any personal liability for business debts and obligations.
The limited liability for those involved in corporations is often considered the primary benefit of this legal structure. However, this does not cover them for wrongs an owner personally commits, for these they could still be held liable.
In addition, the corporation has a "life" and will continue to operate even if the owner or owners die or if they decide to sell their interests.
The following are examples of types of corporations:
- General corporations. These are the most common type in the US . This is a legal entity that is owned by an unlimited number of stockholders who are personally shielded from debts or obligations related to the business.
- Close corporations. Close corporations have a small number of shareholders, ranging from 30 to 50.
- S corporations. This type of corporation is designed to eliminate "double taxation:" this is when the profits of a corporation are taxed first as income to the corporation, and then again as income to the shareholders when profits are distributed as dividends. An S corporation is limited to 75 or fewer shareholders residing in the same state. The shareholders file a copy of the S Corp tax return with their individual tax return.
- Limited liability company (LLC). An LLC is a business entity formed upon filing articles of organization with the proper state authorities. LLCs generally provide limited liability to their members, and are taxed like a partnership, preventing double taxation.
CORPORATION RESOURCES:
All You Need Incorporation Comparisons Chart
California Business Portal - Corporations
DISCLAIMER:
WE (ALL YOU NEED BUSINESS SERVICES) ARE NOT ATTORNEY'S NOR OR WE GIVING YOU LEGAL ADVICE. THIS INFORMATION IS SOLEY THE EXPERIENCE AND RESEARCH GIVEN ON BEHALF OF All You Need Business Services. WE ALWAYS SUGGEST YOU SEEK ADVICE FROM A LEGAL ATTORNEY OR ACCOUNTANT FOR LEGAL QUESTIONS or ACCOUNTING QUESTIONS.
**ALL CORPORATION SERVICES ARE FOR CALIFORNIA CORPORATIONS - PLEASE CALL FOR OTHER STATE FILINGS**
ALL YOU NEED BUSINESS SERVICES CORPORATION SPECIAL PACKAGES |
Package Name |
Description |
Price & Purchase |
Basic |
• Corporation's name Reservation
• Preparation and filing of Articles of Incorporation
• Federal ID Number
• Corporate Basic 3 Ring Binder |
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Gold |
Includes everything in the Economy package plus:
• Corporation Kit embossed with your company name
• S Corporation election preparation
• Dun & Bradstreet Filing
• 30 Days of "FREE" business consultations/questions
( limited to 5 hours for the 30 days ) |
|
Platinum |
Includes everything in the Basic and Standard package plus:
• Rush service (7-10 business days)
• Corporate Kit embossed with your company name
• 2nd day FedEx shipping of final package
Package is Rushed within 7-10 Business Days |
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| Non-Profit |
Non-Profit Packages are very unique within each organization. We will file all companies wanting Non-Profit Status for a flat fee of $250.00. This charge does not include any filings for the IRS - only for the Secretary of State. |
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DBA Filings for
Los Angeles County |
DBA Filings for Los Angeles County are $75.00 Flat Fee. If you would like us to find and handle your publication we charge an additional $50.00 |
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