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Forming a corporation or LLC can be a big step
towards your success and the success of your business. Here are some
benefits of forming a corporation or LLC that are not available to sole
proprietors or partnerships:
Protect Your Personal
Assets
The primary reason many businesses form corporations is
to protect their personal assets. Without setting up a legal entity for
your business, like a corporation or LLC, creditors can take away your
personal property such as your home, retirement savings, or any other
asset you or your spouse own.
Save Money on Taxes
If
you are operating as a sole proprietor, you will be required to pay
self-employment tax on your profit, currently at 15.3%. If you set up a
corporation for your business, only the salary you pay yourself is subject
to self employment tax.
Reduce Your Chance of An
Audit
Statistics show that a business operating as a sole
proprietor (Schedule C) is more likely to be audited by the Internal
Revenue Service than a business operating as a corporation.
Look and Feel Professional
Putting "Inc." or "LLC"
after your business name can give you credibility with your customers.
Corporations, LLCs, and other legal entities can be a sign of credibility,
professionalism, and trust.
Incorporate Now!
Easy
Ordering takes less than 5 minutes to complete. Available in All 50 States
Our Complete Service Includes:
- Company Records Binder
- Company Name Imprinting
- Slip Cover
- Company Embossing Seal
- 20 Imprinted Stock or Membership
Certificates
- Stock or Certificate Ledger
- Operating Agreement on Disk (LLC kit
only)
- Employer Identification Number (EIN) Filing
Service.
After you form your
new company, it is absolutely essential for you to keep accurate and up to
date records. The IRS requires it! With our Corporate or LLC service this
is easy. Giving you more time to run your business. |
