A corporation is a separate legal entity that can shield the owners from personal liability and company debt. As a separate entity, it can buy real estate, enter into contracts, sue and be sued completely separately from its owners. Also, money can be raised easier via the sale of stock; its ownership can be transferred via the transfer of stock; the duration of the corporation is perpetual (the business can continue regardless of ownership); and the tax advantages can be considerable (i.e. you are able to deduct many business expenses, healthcare programs, etc. that other legal entities like LLC’s are not). Income is reported completely separate via a tax return for the corporation.
We’ll file your incorporation documents with the State and ship the completed filing to you via your chosen shipping method. Yes, it’s that simple! We also provide you with the necessary after-incorporation paperwork including personalized Corporate Bylaws, Organizational Meeting Minutes, “The New Corporation Handbook” and a Startup Checklist specific to your state that details tasks like getting a business license, a sales tax permit or hiring employees. See what else is included in our incorporation packages.
“Incorporating” or “incorporation” is the process whereby you formally incorporate a business as a separate business entity – an official filing where you start a corporation at the state level. Depending on the state, this is accomplished by: