Why Incorporate?

Incorporating can minimize liability and maximize tax savings. There are different kinds of corporations–”C” corporations and “S” corporations. 

     What is a C Corporation?

Forming a C Corporation allows the company to have an unlimited number of shareholders. This is beneficial to companies which will require many investors, as well as companies who envision offering stock publicly.

What is a S Corporation?

The S Corporation is similar in structure to that of a C Corporation, but must meet a few further requirements. In fact, an S Corporation is initially formed as a C Corporation by filing the articles of incorporation with the Secretary of State.   The C Corporation can then become an S Corporation when an extra step is taken by filing with the IRS.

What is a Limited Liability Company?

A Limited Liability Company (LLC) offers pass-through taxation thereby avoiding the “double tax” of a C Corporation, yet also affords its owners the personal liability protection of a corporation.

What is a Partnership?

A partnership shares with each partner (owner) the profits and losses of the business.  Partnerships are often favored over corporations for taxation purposes.   However, owners of a partnership are exposed to personal liability arising from business debts and business lawsuits.

What is Best for My Business?

This is difficult to know without a consultation.  We need to understand your business plans and goals to determine what type of business entity best meets your situation.

Call us at:
(704) 567-5699