Incorporation guide Incorporation Guide Guide to Incorporating and Forming a Limited Liability Company Toll-Free - - Direct Intl - - Our Incorporation Guide is developed with the help of the small business legal experts at Nolo Press CTable of Contents IN
Incorporation Guide Guide to Incorporating and Forming a Limited Liability Company Toll-Free - - Direct Intl - - Our Incorporation Guide is developed with the help of the small business legal experts at Nolo Press CTable of Contents INTRODUCTION WHY CONSIDER INCORPORATING LIABILITY PROTECTION TAX SAVINGS ESTABLISH A PROFESSIONAL IDENTITY REDUCED CHANCE OF AUDIT CHOOSING THE RIGHT ENTITY TYPE CORPORATION S -CORPORATION LIMITED LIABILITY COMPANY COMPARISON CHART CHOOSING A STATE THE FILING PROCESS ? AND HOW WE CAN HELP CIntroduction Congratulations on getting your small business up and running Now is a great time to consider whether incorporating or forming an LLC makes sense for your business Our incorporation guide will help you answer questions like what to expect when incorporating what entity type is best for your business C-Corporation S -Corporation or LLC and what state to form in This guide introduces several of the most important factors to consider including the potential risks and liabilities of your business the formalities and expenses involved in establishing and maintaining the various business structures your income tax situation and your investment needs And when you ? re ready to incorporate MyCorporation is here to help We ? ll simplify the incorporation and LLC ?ling process helping you easily and a ?ordably get the bene ?ts of incorporating for your business or real estate investment CWhy Consider Incorporating or Forming an LLC You don ? t have to be a large operation with dozens of employees to bene ?t from incorporating In fact quite the opposite is true Many of MyCorporation ? s customers are home-based one-person businesses with less than in revenues ??or even no revenues and just getting started Why do businesses and investors consider incorporating There are several bene ?ts Liability Protection In our increasingly litigious society it is becoming ever more important to limit your exposure and protect yourself from liability As a sole proprietor your liability for business debt is unlimited meaning personal assets such as your home personal bank accounts and other valued assets may be at risk Forming a corporation or LLC draws a ?rm line between your personal and business assets helping protect your personal assets from risks or debts associated with running your business Tax Savings As your business income grows there may be tax advantages to incorporating and paying taxes at corporate rather than personal tax rates Additionally if you ? re paying substantial self-employment taxes today forming an S -corporation could help you save on income taxes We ? ll discuss tax related issues in greater detail in the next section CBene ?ts Continued Reduced Chance of Tax Audit Sole proprietors tend to be more likely to ?le incorrect returns many are self-prepared and tend to underreport revenue or overreport deductions For these reasons the IRS has continually audited a much higher percentage of sole proprietor tax ?lings than corporate ?lings In of sole proprietors with earnings of K were audited where only of S -Corporations were audited So you ?
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- Publié le Oct 30, 2022
- Catégorie Industry / Industr...
- Langue French
- Taille du fichier 54.8kB