Incorporate

Incorporation Formation Services - $75 + State Fees

We can form C, S, Non-profit, or Professional corporations, in any of the 50 states. Our corporation package includes:

Benefits of Forming a Corporation

You don't have to be a large business to benefit from forming a corporation. In fact, quite the reverse is true. And contrary to popular belief, forming a corporation can be more beneficial to your business than opting for sole proprietorship, as it's cost-effective and will save you time. Here are some of the advantages of forming a corporation:

1. Lowered debt risk. Let's say you're running a sole proprietorship or general partnership and you accumulate debts. Your personal property is now at risk because you're personally liable for those business debts. However, in the case of a corporation, your assets are much safer, because the corporation provides limited liability protection to you, its owners (called shareholders). This means your personal responsibility for the debt decreases tremendously and prevents creditors from seizing your personal assets (your house and other property) to pay the business debts.

2. Tax savings. Your personal accountant or tax advisor may be able to give you full details about the tax benefits of which corporations may avail themselves. For example, corporate income is not liable for Workers' compensation or Medicare taxes, and it's also exempted from Social Security and life insurance. Corporations can even benefit from deductions on health insurance premiums paid by the owners/shareholders.

3. Extensive duration. Corporations generally have a longer life than do the sole entrepreneurships. Even if the main shareholder(s) decides to sell the business interest, the corporation still continues to do business. Even after the shareholder(s) death, its life is independent of the shareholder(s). You could say it almost has a life of its own.

4. Greater credibility. This is especially the case if you're trying to establish a new business venture, and are attempting to build credibility with potential staff, clients, suppliers and partners. Corporations can more easily achieve this than can sole proprietorships and less formal partnerships and companies.

5. Retirement plans. In corporations, retirement plans are more easily activated than they are in general partnerships. Retirement funds can also be made more easily available.

6. Creating funds for business. Many banks nowadays ask loan seekers whether they're an incorporated business. There may be difficulties ahead for you in securing your capital if you're not a corporation. Again, it adds credibility and is likely to more favorably impress bank managers, as well as clients.

7. Transfer of ownership. Except for an S corporation ownership, provision is there for an easy and trouble free transfer of ownership for a corporate business.