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Company Formation
Personalized Customer Service Specific to Your Business Needs
Company Formation Steps
Tell us about your business
Contact us and tell us the details about your business.
Paperworks filed
We are preparing all required documents and filing them directly with the Secretary of State.
Receive your documents
After the Secretary of State approved your formation documents, you will receive completed package by email/mail.
Why Choose Us？
pricing
Choose the right package for you and make your business offical.
Basic
- + State Filing Fees
- Business name check
- Preparation of business formation documents
- Documents filing with the Secretary of State
- Business Tax ID (EIN) Application
- Customer support
Standard
- + State Filing Fees
- Business name check
- Preparation of business formation documents
- Documents filing with the Secretary of State
- Business Tax ID (EIN) Application
- S Corporation election
- Corporate Bylaws
- Operating Agreement
- Customer support
Premium
- + State Filing Fees
- Business name check
- Preparation of business formation documents
- Documents filing with the Secretary of State
- Business Tax ID (EIN) Application
- S Corporation election
- Corporate Bylaws
- Operating Agreement
- Register for State Seller Permit
- Register for State Payroll Taxes (SIT/SUI)
- FinCEN BOI Report
- Customer support
Business Structures
Sole Proprietors
A sole proprietor is someone who owns an unincorporated business by himself or herself. If you intend to work alone, this structure may be the way to go. However, selecting this business structure means you are personally responsible for your company’s liabilities. As a result, you are placing your assets at risk, and they could be seized to satisfy a business debt or a legal claim filed against you.
The expenses and income from this business structure are included on your personal income tax return, Form 1040. Your profits and losses are recorded on a form called Schedule C, which is filed with your 1040.
However, if you are the sole member of a domestic limited liability company (LLC), you are not a sole proprietor if you elect to treat the LLC as a corporation.
Partnership
A partnership is the relationship between two or more people to do trade or business. Each person contributes money, property, labor or skill, and shares in the profits and losses of the business.
Partnerships come in two varieties: general partnerships and limited partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership’s debts and other obligations. A limited partnership has both general and limited partners. The general partners own and operate the business and assume liability for the partnership, while the limited partners serve as investors only; they have no control over the company and are not subject to the same liabilities as the general partners.
Limited Liability Company
A Limited Liability Company (LLC) is a business structure allowed by state statute. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit “single-member” LLCs, those having only one owner.
Depending on elections made by the LLC and the number of members, the IRS will treat an LLC as either a corporation, partnership, or as part of the LLC’s owner’s tax return (a “disregarded entity”). For income tax purposes, an LLC with only one member is treated as an entity disregarded as separate from its owner, unless it files Form 8832 and elects to be treated as a corporation.
S-Corporation
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income at the entity level.
To qualify for S corporation status:
- Be a domestic corporation
- shareholders may not be partnerships, corporations or non-resident alien shareholders
- No more than 100 shareholders
- Not be an ineligible corporation (i.e. certain financial institutions, insurance companies).
C-Corporation
In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation’s capital stock. A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income. A corporation can also take special deductions. For federal income tax purposes, a C corporation is recognized as a separate taxpaying entity. A corporation conducts business, realizes net income or loss, pays taxes and distributes profits to shareholders.
The profit of a corporation is taxed to the corporation when earned, and then is taxed to the shareholders when distributed as dividends. This creates a double tax. The corporation does not get a tax deduction when it distributes dividends to shareholders. Shareholders cannot deduct any loss of the corporation.
Non-Profit Organization
Nonprofit Organization is dedicated to furthering a particular social cause or advocating a shared point of view. It is an organization using the surplus of its revenues to further its objective. They can operate in religious, scientific, research, or education.
Cannot distributing its income to the organization’s shareholders or members, but can pay a reasonably wages or salaries. They’re also required to make financial and operating information public so that donors can be informed about how—and how well—their contributions have been used.
Organizations that qualify as public charities under Internal Revenue Code 501(c)(3) are eligible for federal exemption from payment of corporate income tax. Once exempt from this tax, the nonprofit will usually be exempt from similar state and local taxes. If an organization has obtained 501(c)(3) tax exempt status, an individual’s or company’s charitable contributions to this entity are tax-deductible.