Why Should I Incorporate My Business or file an LLC? #small #business

#incorporating a business

#

Why Incorporate ?

Choosing how a business is organized may be one of the most important decisions a business makes. Incorporation may be the wisest decision, but for some, it may be an unnecessary decision, and so each business should carefully assess the benefits (and challenges) of incorporation before moving forward. With that said, the greatest benefits to incorporation can be summarized into the 3Ls: Life, Liquidity, and Liability. Let’s start with Life.

Life

The best way to understand a corporation is to imagine it as a separate artificial person (with limited rights and privileges). Incorporating a business is essentially creating that separate person thereby making the business separate from the owner (in a sense, the business has a life of its own). As a separate entity, the corporation exists independent from the shareholders/owners and its employees. Regardless of what happens to the shareholders, or the directors, or the employees, the corporation itself continues to exist in perpetuity until a time the directors and shareholders decide to dissolve a corporation. In a sole proprietorship or general partnership where the owner(s) is the business, what affects the owner may affect the business. Any personal debt or liability of an owner or partner allows the creditor(s) to pursue the assets of the business whether or not the debt or liability has any relation to the business itself. Furthermore, personal bankruptcy of an owner or partner will directly impact a business by opening up its assets to any creditors the owner or partner is liable to. By incorporating a business. the personal finances of an owner or partner remains separate from the finances of the corporation and allows the business to continue without disruption. In the event of an unfortunate death of an owner or partner, the business is generally dissolved regardless of the wishes of the owner or partner(s). All of this could easily be avoided by incorporating the business as a separate entity.

Liquidity

As much as we believe that all owners of a business should remain forever committed to the success of the business, there may be times when an owner or partner will need to leave the business. Regardless of the reasons for leaving the business, incorporation allows the free transferability of interest from one person to another. Generally in a partnership, a partner cannot transfer his/her interest in a business to another without the express consent of all other partners. If a partner still decides to leave the partnership against the will of the other partners, the partnership is automatically dissolved. Incorporating a business removes this limitation by allowing shareholders/owners to freely transfer his/her interest to another without the unanimous consent of all other shareholders. Small businesses may see the restrictions against transferring shares as a good thing and may want to control how a shareholder may transfer his/her interest and to whom. Incorporation allows this flexibility as well. The free transferability of shares is a default rule, but by no means is it mandatory for all incorporated businesses. Businesses have the option to place restrictions on the transferability of certain shares and so even if this benefit of liquidity may be seen as a detriment to a business, incorporation lets the business decide whether or not to take advantage of this option. More importantly, unlike a partnership, incorporation prevents the ability of a minority shareholder from dissolving a business without cause.

Liability

One of the greatest benefits for incorporation is its limited liability against the shareholders. As mentioned above, any debt or liability against a specific shareholder remains separate from the corporation. Likewise, the inverse is similarly true. Any debt or liability against a corporation does not open the doors of shareholders’ assets to the creditor(s). The shareholder’s liability in any corporate debt or liability is limited to what the shareholder invested (unless there is fraud). In a sole proprietorship or general partnership, the owner(s) and/or general partners remain completely liable to any debt or liability placed against the business. If a business is unable to pay a debt, the creditor can attack the assets of an owner or partner until the debt is satisfied. In a corporation, a creditor can only attack to the extent the shareholder invested into the corporation (unless there is fraud). This allows the corporation to make business decisions without the risk of endangering the personal assets of its shareholders beyond what was invested. Risk is a necessary element to a successful business. Anything that minimizes the risk to investors makes the business more attractive, and so the limited liability of an incorporated business is quite valuable.

Taxes

The major detriment to incorporation is the taxes involved. In a sole proprietorship or partnership, the taxable income of the business flows directly to the owner and/or partners and are taxed based upon the individual’s income tax bracket. However, because the corporation is considered a separate entity, the taxable income of a corporation is taxed first under a corporate tax. If the corporation decides to distribute the remaining income to the shareholders, that income is taxed once more based upon the individual’s income tax bracket (essentially, a double-taxation). The marginal tax rate for a corporation can be significantly higher than the marginal tax rate for a sole proprietorship. Although this characteristic of incorporation may deter a business from incorporating, small businesses can avoid this double-taxation by taking advantage of the options given to a corporation by the states. Some options include incorporating as an S-corporation (see below) or filing as a Limited Liability Company (LLC) (see below). These options allow the taxable income to flow directly to the shareholders/members without being taxed twice, while at the same time, maintaining the benefits of incorporation. The 3Ls are important benefits, but not the only benefits. There’s also something psychologically beneficial about incorporating that goes beyond the number crunching and legal issues involved. Incorporation may seem to be a daunting task, but it is also an exciting moment in the life of a business. First conceived through an idea, a business can be birthed at the point of incorporation. No longer will it simply be an idea or something intangible, but an actual and existing entity. Sometimes this psychological step of seeing the business as something real will further motivate and inspire you to bring greater success to your business.

Reduced Chance of Tax Audit

Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared). and tend to under report revenue or over report deductions. For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years. In tax year 2006, a Schedule C filer stood a 1 in 32 chance of being audited. For non-business filers, the odds were around 1 in 124. This means that sole proprietors are significantly more likely to be audited.

Build Credibility

Distinguishing yourself from the competition by establishing a professional identity helps increase credibility with your customers. Most businesses choose to incorporate a business to prove their legitimacy to both customers and suppliers. Adding “INC.” or “LLC” after your business name gives you the credibility and professionalism that many customers are looking for.

You could file all the necessary incorporation documents yourself. However, when you consider the time involved for filing, administering, and maintaining all the documents necessary to keep your business running legitimately. why would you? Let us help you get it done, so you can get back to business!

  • Forming a business with MyCorporation is a cost-effective way to protect personal assets and gain potential tax savings.
  • Our incorporation services start at just $69 (plus required government fees).
  • Lawyers charge, on an average, over $200 per hour. With our document filing services. you’ll know exactly what you are getting, and how much it costs from the very beginning.

Was this article helpful?

Terms and conditions, features, support, pricing and service options subject to change without notice. Intuit and QuickBooks are registered trademarks of Intuit, Inc. Copyright 1997-2016, MyCorporation All Rights Reserved. MyCorporation is a Document Filing Service and CANNOT provide you with legal or financial advice. The information on the website is designed to provide accurate and authoritative information in regard to the subject matter covered. It is presented with the understanding that MyCorporation is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations.

Get State Specific Filing Information





How to Form a Corporation or LLC – Start Incorporating a Company

#incorporating a business

#

How to Incorporate or Form an LLC

incorporate.com makes it easy for you to form a corporation or Limited Liability Company (LLC ) in any state. Most small business owners decide to incorporate to protect personal assets, gain credibility, and save on taxes.

How Do I Incorporate?

To get started incorporating a company, follow these simple steps below:

  1. Decide to incorporate. Before you set up a corporation, it’s important to understand the benefits of incorporating or forming an LLC. Knowing just what incorporating entails for you as a business owner – including financial and administrative expectations which may need to be reported periodically – can help you decide if incorporating is the right move for your company right now.
  • Select incorporate.com. It’s simple to form a corporation online. Rather than sift through endless piles of complicated paperwork and confusing terminology, we have helped countless businesses through the process of incorporation. Our thorough understanding of incorporation practices nationwide can assist you with making the process of forming a corporation as painless as possible.Learn why we think you will benefit from our services.
  • Choose a business structure. If you’re wondering, “Just how do I incorporate my business,” we will help guide you through the process and let you know what sort of business structure may best suit your needs of your corporation start up. C Corps, S Corps, and LLCs all provide different benefits. We can describe the differences which may help you choose the best structure for your company’s current needs and anything that arises in the future. Need more information about the differences between business structures? Check out our Business Comparison Chart .
  • Choose a state. Once you’ve decided that it’s time to start your own corporation, depending upon your company’s needs, you may want to incorporate in a state other than the one where your business currently resides. Additionally, some states have strict guidelines around unique names for corporations. When registering your corporation, we can help with naming that follows state guidelines. Get more information about choosing a state in which to start a corporation.
  • Choose a package. With a firm grasp of the options various company structures and states provide when forming or setting up a corporation, you’re well on your way to carving out a well-planned future for your new business. View our package options and begin incorporating a business online today.
  • Place your order. You can incorporate or form an LLC online or by phone with a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
  • What Happens After You Place an Incorporation Order?

    Once you submit an order to start a corporation, we take care of the paperwork for you:

    • We assign your order to a Business Specialist, who will contact you if there are any problems with the preliminary name search.
    • We complete Articles of Incorporation (for a corporation) or Articles of Organization (for an LLC) on your behalf. A few states require us to get your signature on the completed documents before submission. Normally, we submit documents directly to the state.
    • We file your documents with the state in which you wish to start a corporation or an LLC.
    • We forward the state approval notice to you (generally within 5-10 business days, although turnaround times vary by state).

    Ready to Incorporate or Form an LLC? Check Pricing





    NH Real Estate Appraiser – Jack Lavoie, SRA – Accurate Appraisal Services


    #

    Residential – Commercial – Consulting – Expert Witness

    Professional, high quality, appraisal and valuation services for lenders, attorneys, homeowners, broker, corporations and more.

    Jack Lavoie SRA. a designated member of the Appraisal Institute is one of the most respected and knowledgeable real estate and appraisal professionals in the Greater Manchester Bedford area, as well as throughout New Hampshire.

    Jack’s unmatched experience, education and licensing level (holds a Certified General Appraiser license which is the highest level of licensing available) makes him uniquely qualified to provide you with the services you desire and need. With years of experience behind him and extensive high level training, he is prepared to handle a variety of property types and situations. Complex assignments are his specialty and Jack is the area’s 1st choice for taking on these difficult assingments.

    In addition to experience and qualifactions, his service and communication with clients is top-notch. Whether it is an appraisal for divorce, bankruptcy, estate settlement, relocation, or an appraisal in conjunction with selling your home, Jack and his staff will treat it as THE most important appraisal ever. Because it is!.

    Click link above

    We provide professional appraisal reports, consulting and testimony for:

    • Bankruptcy Appraisals
    • Private Mortgage Insurance Removal
    • Estate Planning
    • Divorce Settlement
    • Tax Assessment Disputes
    • Guardianship appraisals
    • Foreclosure/Pre-Foreclosure
    • Buyers/Pre-Purchase
    • Expert Witness/Litigation
    • Cell Tower/Power Line Impact
    • Tax Abatements
    • Retrospective Valuations
    • Employee Relocation (ERC)
    • Estate Settlement
    • REO Valuations
    • Litigation
    • FHA 203K
    • Abutter impact
    • Sellers/Pre-Listing
    • Commerial/Investment

    Attn Mobile User: The “Order an appraisal”, “Services” and “Ask Jack” links below are not currently working. Our web provider is actively working on this. To order an appraisal click the blue Order an Appraisal button above.

    Our Commitment to You

    As I have discussed earler, real estate values are not linear. Each year in New Hampshire, prices change and follow a predictable path like the graph illustrates. Prices rise in the spring, level off in the summer and early fall and decline in the late fall and winter. Check out “North End” Manchester as of […]. Read More

    Even in years where the market seems stable, property values fluctuate over the course of the year. Historically, values increase in the spring and early summer, stabilize in summer and early fall and decrease over the winter season. This is attributed to several factors such as the “holiday season” and the harsh cold winters we […]. Read More

    Tax abatements, Obtaining a Divorce Appraisal, “Does recessed lighting add value” and should I wait until spring to sell”? Home seller: Should I wait until spring to sell my house” (note: this person is located in Greater Manchester, NH) Jack: If your house is prepared to sell (cleaned, repaired. Read More

    Try this short quiz to see which 2016 Presidential candidate you side with… http://www.isidewith.com/elections/2016-presidential-quiz?from=ThmUutAnS Jack Lavoie, SRA Designated member Appraisal Institute Accurate Appraisal Services a division of Jack Lavoie Real Estate, LLC 62 Quincy Drive Bedford, NH 03110 Office: (603) 644-1000 http://www.j. Read More


    Hit and Run Accidents #call #(770) #284-3727, #miller #legal #services, #llc #helps


    #

    Hit and Run Accidents

    Skilled Car Wreck Lawyers Assisting Victims Near Marietta

    Any automobile accident can be traumatizing for a victim, but a hit and run can be especially troubling for an injured person who is left to deal with the aftermath. Georgia law outlines specific duties and responsibilities for a driver in the event of a wreck. People who fail to abide by these laws can be held liable for their actions. If you or someone close to you has been injured by a careless driver in the Marietta area, we can help. The car wreck attorneys at Miller Legal Services can offer the legal representation you need to assert your right to compensation.

    Hit and Run Accidents

    In the state of Georgia, hit and run is a serious crime and can even result in felony charges. All drivers involved in an automobile accident are required to immediately stop at the scene if the event caused injury, death, or damage to a vehicle. Each motorist has a duty to provide the other with his or her personal information, including names, addresses, and vehicle registration numbers. Drivers also have an obligation to render aid or get help if someone is seriously hurt. This typically involves calling 911 and requesting an ambulance to transport the injured party to the hospital.

    A driver who knowingly fails to stop after an accident will likely face a misdemeanor charge for a hit and run, provided that nobody suffered serious or fatal injuries. Penalties for a misdemeanor hit and run charge include a potential fine of between $300 and $1,000, as well as possible jail time for up to 12 months. The driver could also face a license suspension or probation. Someone who leaves the scene of an accident that results in serious or fatal injuries may face a felony charge, which leads to a longer prison sentence.

    Hold Negligent Drivers Accountable for Your Injuries

    If a hit and run driver is caught, the victim can file a civil lawsuit against him or her under the theory of negligence. This type of claim allows the injured person to seek monetary compensation for his or her harm. Negligence is the failure to take reasonable care behind the wheel, resulting in foreseeable harm to someone else. To assert the right to compensation, the victim must establish the following elements:

    • The defendant owed the injured person a duty of care;
    • The defendant breached the duty with some careless conduct;
    • The defendant s carelessness caused the accident; and
    • The victim was forced to incur quantifiable damages as a result.

    In most types of car accidents, such as a hit and run, the duty of care is defined as what the typical, reasonably prudent person would do when faced with a similar situation. Since the ordinary motorist likely would obey Georgia laws and stop after being involved in an accident, a hit and run driver probably has fallen short of this standard and thus breached the duty. It can be challenging to draw a direct causal link from leaving the scene to causing the harm, for the injuries often resulted from a collision that happened before the defendant fled. Even if this is the case, however, it is logical to think that a driver who committed a hit and run may have done so because he or she violated a traffic rule or engaged in some other form of negligent behavior. A seasoned attorney can help investigate the circumstances of your accident to determine what may have happened.

    Depending on the nature and extent of his or her injuries, a victim who succeeds in a negligence lawsuit may be able to recover reimbursement for hospital bills, future medical expenses, pain and suffering, rehabilitation costs, property damage, and any other costs arising from the wreck. In accidents involving a hit and run driver, punitive damages can also be awarded. The compensation can be awarded over time or in a single lump sum amount.

    Contact a Marietta Attorney to Discuss Your Auto Accident

    If you have been hurt because another driver acted negligently, you should consider contacting an auto accident lawyer who regularly handles these claims near Marietta and is willing to bring a lawsuit if necessary. At Miller Legal Services, we understand the physical, emotional, and financial toll this type of event can take on you and your entire family. For more information, call us at 770-284-3727 or contact us online for a free, no-obligation consultation. We have proudly served injured individuals in Roswell, Smyrna, and throughout Georgia.

    3535 Roswell Rd
    #9

    Marietta. GA 30062

    Phone: 770.284.3727 Fax: 866.397.0242

    We serve the following localities: Chatham County including Savannah; Clarke County including Athens; Cobb County including Marietta; DeKalb County including Decatur and Stone Mountain; Fulton County including Atlanta, College Park, and Roswell; Gwinnett County including Buford, Lawrenceville, and Norcross; and Oconee County including Watkinsville.

    Hit and Run Accidents. Marietta Hit and Run Accident Attorney Miller Legal Services, LLC


    Delaware LLC Annual Tax Filing Report #delaware #llc, #delaware #llc #annual #report,


    #

    Delaware LLC Annual Reports Online

    How to file a Delaware LLC annual report

    Annual Delaware LLC Maintenance Overview

    Delaware LLCs do not pay a franchise tax or file an annual report. Instead LLCs in Delaware must pay an annual tax (sometimes referred to as an Alternative Entity Tax). The tax is a flat, annual fee of $300. Unfortunately Delaware keeps raising these fees to accommodate for budget shortfalls, and the Delaware LLC takes a big blow. The good news is that Delaware LLCs are easy to file. A member or manager does not have to file the Delaware LLC annual report tax payment. Delaware LLCs do not have to list the members or managers when making the flat rate $300 LLC tax payment.

    How to File the Annual Delaware LLC Tax

    Visit the Delaware Division of Corporations Website

    The only way to pay and file an annual Delaware tax payment is online. Simply visit the Delaware Division of Corporations website (you can use the link below) to get started.

  • Pay the annual tax

    Filers click the Pay Taxes/File Annual Report button, then enter their Business Entity File Number (you can find this by performing a name search on the Division of Corporations website). Then make the tax payment with either an electronic check (ACH Debit) or with any major credit card.

  • When is the Delaware LLC tax due?

    It does not matter whether you are a domestic Delaware LLC or a LLC formed in another state and just registered to do business in Delaware. All LLCs are due June 1st.

    What is the Delaware LLC tax late fee?

    There is a $200 late fee if you miss the June 1st deadline. Interest accrues at a rate of 1.5% on the tax and late payment.

    Does your Delaware registered agent remind you of these filing dates?

    We not only send you reminders, but you can always log into your online account and you’ll find filing tips on how to quickly file your Delaware LLC annual tax payment. We also scan the Delaware LLC annual report notices into your online Delaware registered agent account the same day we receive them. We’d like to think we’re the only Delaware registered agent that does this, but it’s hard to say. You never have to wait for the mail or worry if your Delaware LLC notice gets lost. If you have multiple Delaware LLCs you’ll find it very helpful to utilize our resources we provide you to maintain your Delaware LLC annual filings and see which ones are coming up and due.

    Here is the link to filing your Delaware LLC annual tax payment: http://corp.delaware.gov/paytaxes.shtml

    Questions? Call: (302) 288-0670
    8 The Green, Ste A Dover. DE 19901 A Registered Agent, Inc
    2000 2017.

    Available Services


    CENTER DRUGS OF DALEVILLE; NPI #1053679860 #npi #number,center #drugs #of #daleville,esb #investments


    #

    CENTER DRUGS OF DALEVILLE
    LBN ESB INVESTMENTS LLC

    1 Some organization health care providers are made up of components that furnish different types of health care or have separate physical locations where health care is furnished. These components and physical locations are not themselves legal entities, but are part of the organization health care provider (which is a legal entity). A covered organization provider may decide that its subparts (if it has any) should have their own NPI numbers. If a subpart conducts any HIPAA standard transactions on its own (e.g. separately from its parent), it must obtain its own NPI number.

    Reviews

    Reviews for CENTER DRUGS OF DALEVILLE

    Thanks – Your review has been submitted! Please note that if we find that this review has violated our terms or is simply deemed unacceptable, we will remove it without notice.

    There are currently no reviews for CENTER DRUGS OF DALEVILLE
    Be the first to post a comment or review.

    Read our reviews / comments about this provider to help you decide if they are right for you. Share your experience by posting a comment or review about this provider to help others decide which is right for them.

    Add your review

    By submitting your comment, you agree to the following

    All reviews and comments undergo rigorous screening and must adhere to our strict guidelines of ethics. We do not condone anything that is slanderous, disparaging, derogatory, offensive, prejudicial, insulting or simply rude. We will remove any comments that do not follow or meet these guidelines. NPIdb.org wants to encourage your right to free speech however we must also protect the reputation of the physician in question and make every effort so that no one is harmed by such careless remarks. When leaving a negative comment, please be tactful, objective and, if at all possible, polite. We reserve the right to remove any comment or review for any reason and without notice. Please do not abuse this privilege.


    Pharmaceutical Conferences #conference #series #llc, #pharma #conferences, #pharma #summits, #pharma #events, #pharma


    #

    Welcome to The Pharmaceutical Conferences

    Meet Inspiring Speakers and Experts at our 3000+ Global Conferenceseries Events with over 1000+ Conferences, 1000+ Symposiums and 1000+ Workshops on Medical, Pharma, Engineering, Science, Technology and Business.

    Explore and learn more about Conference Series Ltd. World’s leading Event Organizer

    Conference Series LLC through its open access initiative hosts over highly valued 700 leading-edge peer reviewed Open Access Journals and organizes over 1000+ Global Events annually all over the world. Conference Series LLC Journals have around 100000 Editorial and reviewers ensures the quality and fast editorial, review processing with time of publishing in just 21 days from the day of submission of manuscript. We have high accessibility across the scientific community with readership of more than 10 million readers. Conference Series LLC signed an agreement with more than 1000 International Societies to make healthcare information Open Access. Conference Series LLC brings in concert the work of leading minds in scientific organization all across the world to serve the civilization by making it possible for global allocation of knowledge through its Open Access Journals and Scientific Events. Omics International conferences are the best venues for organizing our Pharmaceutical Conferences. Medical Conferences. Engineering Conferences. Healthcare Conferences. Diabetes Conferences and many more.

    Conference Series LLC Conferences are consecrated towards technological uprisal and scientific spring up. From the ancient man’s hit and trial methods of finding curative products to the modern man’s advanced techniques of using medicinal herbs, biological, chemotherapy and antibiotics, Pharmaceutical Sciences have grown with mankind.Conference Series LLC meetings hold within itself the gravity of unifying the scientific diversities.

    Today pharmaceutical sciences have become an interdisciplinary field which brings together all branches of science together for the never ending search of new life-saving and life-giving products. With the advancement in technology, Pharmaceutical Sciences have seen a revolution. Proteomics, genomics, molecular modeling, computer based drug design, and combinatorial synthesis have taken drug discovery to a myriad of success.

    Conference Series LLC Pharmaceutical Conferences are organized with the ambition to give a capitalistic belvedere to researchers, scientists, academicians, pharmaceutical industries, health care professionals, students, to come learn, evolve, discuss, share and get the knack of recent advances and succor the mankind to combat the gruesome maladies.Conference Series LLC also organizes Symposia at Conference Series LLC Conferences to reflect the cutting edge research of today and nascent technologies & developments of tomorrow, by hosting the adepts of the fields to furnish their experiences and experiments through plenary speeches and presentations

    Conference Series LLC Pharmaceutical Conferences is a hub which covers the innards of pharmaceutical sciences including Analytical and Bioanalytical techniques; Biowaivers and Biosimilars; Bioavailability and Bioequivalence; Clinical pharmacy and Dispensing; Medicinal Chemistry and CADD; Pharmacognosy, Phytochemistry and Natural Products; Pharmaceutical Regulatory Affairs; Pharmaceutics and Novel Drug Delivery Systems; GMP, GCP and QC; and clinical pharmacology. With these international events Conference Series LLC wish to expedite drug discovery and cater the profession.

    Conference Series LLC brings together the work of leading minds in scientific fraternity all across the world to serve the humanity by making it possible for global sharing of knowledge through its Open Access Journals and Scientific Events.Open Access Journals uses the power of internet and multimedia to make knowledge available globally with one click away. Conference Series LLC have joined forces to create the largest gathering of the scientific researchers community in the world, with hands-on expertise in conducting events and business sessions such as International conferences, World Congress, Symposia and Workshops which helps you to change your business by bringing you face-to-face with the investors and practitioners. Conference Series LLC conducts most prominent Science conferences with their respective theme.

    Conference Series LLC is actively involved in conducting International Conferences 2015-2016, across USA (Baltimore, Philadelphia, Las Vegas, San Antonio) and almost all other parts of the world. With the rapid increase in the number of conferences, Conference Series LLC exaggerates with highly designed scientific tracks which were planned to deliver keynote presentations by high affiliated scientists all around the world across a wide range of community between industry and academia. Through our keynote presentations we offer great motivational speech as well as up to date research in the particular field of science, indeed by the effort with our sponsors to make sure that planned event and worldwide events turn into a far more than just a day of encouragement.

    Conference Series LLC provides special forum to the researchers wherein they can communicate with Scientists form diversified fields at our congress. We offer this platform to the researchers to establish or to extend their scientific network. Our academic conferences always honored the high affiliated and renowned speakers as Organizing Committee Member position and will be facilitated with the special momentous during the event. Professors and Associate professors will have priority to chair a session of his/her interest. Renowned speakers get waivers during the International conference .

    Contact Us


    Limited Liability Company Center – Information on LLCs #limited #liability #company, #limited


    #

    Limited Liability Company Center

    Limited Liability Company Center

    Your information center for organizing and operating an LLC

    The limited liability company is a very recent entry to the list of entities available to a person starting a business. While corporations and partnerships have been recognized as separate entities for centuries, it was not until 1977 that Wyoming became the first state to permit the organization of a limited liability company. Acceptance was slow at first but during the mid-1990s adoption of LLC acts turned from a drizzle into a torrent. In 1997, Hawaii became the 50th, and final, state to enact a limited liability company statute.

    These new entities were very attractive because they offered a business the limited liability of a corporation but were generally treated as partnerships for tax purposes (that is, there is no tax at the entity level and therefore no “double taxation”). (See “What is a limited liability company? “) While the new entity had many of the features of a limited partnership or S corporation. they offered flexibility that the existing forms of business entities lacked. As a result, limited liability companies are now the entity of choice for many small and family-owned businesses.

    LLCs are not right for every situation, however. While the LLC has many advantages over other entities, the LLC also has its disadvantages. Depending upon the situation, a partnership, limited partnership, limited liability partnership, S corporation or even a C corporation may be a more appropriate choice for a new business. Deciding on a particular type of entity can be a complex and challenging process, and in any particular situation reasons may dictate a choice other than a limited liability company. While forming an LLC is typically a very simple process, the decision whether to form an LLC or another entity is not, and I recommend that you consult an attorney before actually taking the step of forming your LLC.

    LLCs continue to evolve. Many of the early LLC statutes did not allow a limited liability company to have just one member; the entity was viewed as a form of “partnership” that required at least two members. Now all states permit single member LLCs. though in some states there are differences between single member LLCs and other LLCs.

    A more recent evolution of the LLC is the series LLC. which permits a single LLC to have various series, or “cells”, which allow the LLC to segregate the assets and liabilities of each series. The series LLC therefore protects the assets of one series from liabilities of another series.

    To help you make your decision, I have collected some articles and other materials on LLCs. By clicking on a specific state in the column on the right, you can find information on where to file your articles of organization or other formation documents, the fees for filing articles of organization, links to the official web site of the state office where LLC filings, the statutory citation to the law governing LLCs in that state.


    Tweedy, Browne Company LLC #tweedy, #tweedy #browne #company #llc, #value #investing, #equity


    #

    Welcome to Tweedy, Browne

    We invite you to browse through our website and learn more about Tweedy, Browne, our value investment philosophy, our long history and the people who are Tweedy, Browne. For over ninety years we have been active in the value investing business. It is our only business and it is how we invest our own money. As of March 31, 2017, the current Managing Directors and retired principals and their families, as well as employees of Tweedy, Browne had more than $1.1 billion in portfolios combined with or similar to client portfolios, including approximately $128.4 million in the Global Value Fund, $74.3 million in the Value Fund, $7.2 million in the Worldwide High Dividend Yield Value Fund, and $5.6 million in the Global Value Fund II — Currency Unhedged.

    We have tried to make our website informative and encourage you to read about our history and our investment approach. We believe it is important that our investors and clients understand who we are and what we do. In the “About Us ” section, you will learn about our firm, its origins and associations with some of the legends of value investing such as Benjamin Graham, the “father of value investing.” Also, under “Investment Philosophy ,” we describe in detail our investment principles. In the “Research and Reports ” section, you’ll find an archive of quarterly commentaries, annual and semi-annual reports of our mutual funds along with research papers, numerous articles and interviews concerning Tweedy, Browne.

    We welcome your visit and hope you will learn more about investing and our approach to value. We also welcome your suggestions on how we may improve our website and better serve you.

    William H. Browne
    Thomas H. Shrager
    John D. Spears
    Robert Q. Wyckoff, Jr.
    Managing Directors

    The information on this website is intended for U.S. residents only. Tweedy, Browne Global Value Fund, Tweedy, Browne Global Value Fund II Currency Unhedged, Tweedy, Browne Value Fund and Tweedy, Browne Worldwide High Dividend Yield Value Fund are registered only in the United States and the information on this website does not constitute an offer to sell or a solicitation of an offer to purchase the Funds, which are not available to persons outside of the United States.

    Current and future portfolio holdings are subject to risk. Investing in foreign securities involves additional risks beyond the risks of investing in U.S. securities markets. These risks include currency fluctuations; political uncertainty; different accounting and financial standards; different regulatory environments; and different market and economic factors in various non-U.S. countries. In addition, the securities of small, less well known companies may be more volatile than those of larger companies. Value investing involves the risk that the market will not recognize a security’s intrinsic value for a long time, or that a security thought to be undervalued may actually be appropriately priced when purchased. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Diversification does not guarantee a profit and does not protect against a loss in a declining market. Please refer to the Funds’ prospectus for a description of risk factors associated with investments in securities which may be held by the Funds.

    To view the accompanying prospectus please click on the Prospectus icon which appears at the top of the screen. Tweedy, Browne Global Value Fund, Tweedy, Browne Global Value Fund II Currency Unhedged, Tweedy, Browne Value Fund and Tweedy, Browne Worldwide High Dividend Yield Value Fund are distributed by AMG Distributors, Inc. Member FINRA /SIPC. Certain employees of Tweedy, Browne are registered representatives of AMGDI.

    As reflected herein, in late 2006 the name of the Tweedy, Browne American Value Fund was changed to the Tweedy, Browne Value Fund. This website may contain some historic content that was created before the name change and therefore may still reference the Fund’s name prior to the change in name. Because this material is still thought to be relevant, it is being maintained on the website in its original form. All references to the Tweedy, Browne American Value Fund in these historic documents should now be deemed to refer to the Tweedy, Browne Value Fund.


    How to Form a Corporation or LLC – Start Incorporating a Company

    #incorporating a business

    #

    How to Incorporate or Form an LLC

    incorporate.com makes it easy for you to form a corporation or Limited Liability Company (LLC ) in any state. Most small business owners decide to incorporate to protect personal assets, gain credibility, and save on taxes.

    How Do I Incorporate?

    To get started incorporating a company, follow these simple steps below:

    1. Decide to incorporate. Before you set up a corporation, it’s important to understand the benefits of incorporating or forming an LLC. Knowing just what incorporating entails for you as a business owner – including financial and administrative expectations which may need to be reported periodically – can help you decide if incorporating is the right move for your company right now.
  • Select incorporate.com. It’s simple to form a corporation online. Rather than sift through endless piles of complicated paperwork and confusing terminology, we have helped countless businesses through the process of incorporation. Our thorough understanding of incorporation practices nationwide can assist you with making the process of forming a corporation as painless as possible.Learn why we think you will benefit from our services.
  • Choose a business structure. If you’re wondering, “Just how do I incorporate my business,” we will help guide you through the process and let you know what sort of business structure may best suit your needs of your corporation start up. C Corps, S Corps, and LLCs all provide different benefits. We can describe the differences which may help you choose the best structure for your company’s current needs and anything that arises in the future. Need more information about the differences between business structures? Check out our Business Comparison Chart .
  • Choose a state. Once you’ve decided that it’s time to start your own corporation, depending upon your company’s needs, you may want to incorporate in a state other than the one where your business currently resides. Additionally, some states have strict guidelines around unique names for corporations. When registering your corporation, we can help with naming that follows state guidelines. Get more information about choosing a state in which to start a corporation.
  • Choose a package. With a firm grasp of the options various company structures and states provide when forming or setting up a corporation, you’re well on your way to carving out a well-planned future for your new business. View our package options and begin incorporating a business online today.
  • Place your order. You can incorporate or form an LLC online or by phone with a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
  • What Happens After You Place an Incorporation Order?

    Once you submit an order to start a corporation, we take care of the paperwork for you:

    • We assign your order to a Business Specialist, who will contact you if there are any problems with the preliminary name search.
    • We complete Articles of Incorporation (for a corporation) or Articles of Organization (for an LLC) on your behalf. A few states require us to get your signature on the completed documents before submission. Normally, we submit documents directly to the state.
    • We file your documents with the state in which you wish to start a corporation or an LLC.
    • We forward the state approval notice to you (generally within 5-10 business days, although turnaround times vary by state).

    Ready to Incorporate or Form an LLC? Check Pricing





    How to Form a Corporation or LLC – Start Incorporating a Company

    #incorporating a business

    #

    How to Incorporate or Form an LLC

    incorporate.com makes it easy for you to form a corporation or Limited Liability Company (LLC ) in any state. Most small business owners decide to incorporate to protect personal assets, gain credibility, and save on taxes.

    How Do I Incorporate?

    To get started incorporating a company, follow these simple steps below:

    1. Decide to incorporate. Before you set up a corporation, it’s important to understand the benefits of incorporating or forming an LLC. Knowing just what incorporating entails for you as a business owner – including financial and administrative expectations which may need to be reported periodically – can help you decide if incorporating is the right move for your company right now.
  • Select incorporate.com. It’s simple to form a corporation online. Rather than sift through endless piles of complicated paperwork and confusing terminology, we have helped countless businesses through the process of incorporation. Our thorough understanding of incorporation practices nationwide can assist you with making the process of forming a corporation as painless as possible.Learn why we think you will benefit from our services.
  • Choose a business structure. If you’re wondering, “Just how do I incorporate my business,” we will help guide you through the process and let you know what sort of business structure may best suit your needs of your corporation start up. C Corps, S Corps, and LLCs all provide different benefits. We can describe the differences which may help you choose the best structure for your company’s current needs and anything that arises in the future. Need more information about the differences between business structures? Check out our Business Comparison Chart .
  • Choose a state. Once you’ve decided that it’s time to start your own corporation, depending upon your company’s needs, you may want to incorporate in a state other than the one where your business currently resides. Additionally, some states have strict guidelines around unique names for corporations. When registering your corporation, we can help with naming that follows state guidelines. Get more information about choosing a state in which to start a corporation.
  • Choose a package. With a firm grasp of the options various company structures and states provide when forming or setting up a corporation, you’re well on your way to carving out a well-planned future for your new business. View our package options and begin incorporating a business online today.
  • Place your order. You can incorporate or form an LLC online or by phone with a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
  • What Happens After You Place an Incorporation Order?

    Once you submit an order to start a corporation, we take care of the paperwork for you:

    • We assign your order to a Business Specialist, who will contact you if there are any problems with the preliminary name search.
    • We complete Articles of Incorporation (for a corporation) or Articles of Organization (for an LLC) on your behalf. A few states require us to get your signature on the completed documents before submission. Normally, we submit documents directly to the state.
    • We file your documents with the state in which you wish to start a corporation or an LLC.
    • We forward the state approval notice to you (generally within 5-10 business days, although turnaround times vary by state).

    Ready to Incorporate or Form an LLC? Check Pricing





    Attorney Profile #law #firm, #law #office, #legal #advice, #lawyer, #attorney, #attorney #profile,


    #

    Attorney Profile

    An Attorney Who Works Hard for Working People

    Our firm is headed by attorney Alex Simanovsky. After graduating with honors from the University of Georgia School of Law in 1995, Mr. Simanovsky went into private legal practice right away. He has represented approximately 11,000 clients to date in the course of his career. He is a member of the State Bar of Georgia, as well as a former chair and vice chair of the same organization. He is also an active member of the Georgia Trial Lawyers Association, the American Bar Association, the National Association of Consumer Advocates and the National Consumer Law Center. Additionally, our firm is rated with the Better Business Bureau.

    Mr. Simanovsky has devoted his entire legal career to helping personal injury victims and their families across Georgia, as well as consumers nationwide. For more information about our attorneys, please follow the link below.

    Contact Our Atlanta Law Firm for a Free Consultation

    Our attorney works directly with clients throughout the legal process, assisted by our professional and highly experienced legal staff. To schedule a free initial consultation today, contact us by calling 678-781-1018 or 866-865-3666 toll free. You may also contact us online .

    Contact Us

    Bold labels are required.

      • Auto Accidents
      • Trucking Accidents
      • Motorcycle Accidents
      • Wrongful Death
        • United States Wrongful Death Lawyer
      • Medical Malpractice
        • United States Medical Malpractice Lawyer
      • Nursing Home Abuse
      • Slip-and-Fall Injuries
      • Dog Bites
      • Dangerous Prescription Drugs
        • VIOXX (rofecoxib)
        • BEXTRA
        • CELEBREX (celecoxib)
        • COX-2 Inhibitors
        • CRESTOR (rosuvastatin)
        • CYLERT (pemoline)
        • EFFEXOR (citalopram)
        • GEODON (ziprasidone)
        • NEURONTIN (gabapentin)
        • ZYPREXA (olanzapine)
      • Lemon Law
      • Automobile Fraud
      • Debt Collector Harassment
      • Bad Faith Insurance

    Visit Our Other Sites:

    Our Office

    Alex Simanovsky Associates, LLC

    2300 Henderson Mill Road NE
    Suite 300
    Atlanta. GA 30345

    Located in Atlanta, Alex Simanovsky Associates, LLC, represents clients throughout the state of Georgia, including the cities of Marietta, Duluth, Roswell, Lawrenceville, Smyrna, Athens, Kennesaw, East Point, Covington, Mableton, Sugar Hill, Savannah, Cartersville and Eatonton, as well as communities throughout Atlanta County, North Gwinnett, South Gwinnett, North Fulton County, South Fulton, Forsyth County, Fayette County, East Cobb County, West Cobb County, East Dekalb County, Bartow County, Cherokee County, Dawson County, Hall County, Jackson County, Barrow County, Clarke County, Oconee County, Walton County, Paulding County, Carroll County, Douglas County, Rockdale County, Newton County and Clayton County.

    © 2013 by Alex Simanovsky & Associates, LLC. All rights reserved.


    How to Form a Corporation or LLC – Start Incorporating a Company

    #incorporating a business

    #

    How to Incorporate or Form an LLC

    incorporate.com makes it easy for you to form a corporation or Limited Liability Company (LLC ) in any state. Most small business owners decide to incorporate to protect personal assets, gain credibility, and save on taxes.

    How Do I Incorporate?

    To get started incorporating a company, follow these simple steps below:

    1. Decide to incorporate. Before you set up a corporation, it’s important to understand the benefits of incorporating or forming an LLC. Knowing just what incorporating entails for you as a business owner – including financial and administrative expectations which may need to be reported periodically – can help you decide if incorporating is the right move for your company right now.
  • Select incorporate.com. It’s simple to form a corporation online. Rather than sift through endless piles of complicated paperwork and confusing terminology, we have helped countless businesses through the process of incorporation. Our thorough understanding of incorporation practices nationwide can assist you with making the process of forming a corporation as painless as possible.Learn why we think you will benefit from our services.
  • Choose a business structure. If you’re wondering, “Just how do I incorporate my business,” we will help guide you through the process and let you know what sort of business structure may best suit your needs of your corporation start up. C Corps, S Corps, and LLCs all provide different benefits. We can describe the differences which may help you choose the best structure for your company’s current needs and anything that arises in the future. Need more information about the differences between business structures? Check out our Business Comparison Chart .
  • Choose a state. Once you’ve decided that it’s time to start your own corporation, depending upon your company’s needs, you may want to incorporate in a state other than the one where your business currently resides. Additionally, some states have strict guidelines around unique names for corporations. When registering your corporation, we can help with naming that follows state guidelines. Get more information about choosing a state in which to start a corporation.
  • Choose a package. With a firm grasp of the options various company structures and states provide when forming or setting up a corporation, you’re well on your way to carving out a well-planned future for your new business. View our package options and begin incorporating a business online today.
  • Place your order. You can incorporate or form an LLC online or by phone with a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
  • What Happens After You Place an Incorporation Order?

    Once you submit an order to start a corporation, we take care of the paperwork for you:

    • We assign your order to a Business Specialist, who will contact you if there are any problems with the preliminary name search.
    • We complete Articles of Incorporation (for a corporation) or Articles of Organization (for an LLC) on your behalf. A few states require us to get your signature on the completed documents before submission. Normally, we submit documents directly to the state.
    • We file your documents with the state in which you wish to start a corporation or an LLC.
    • We forward the state approval notice to you (generally within 5-10 business days, although turnaround times vary by state).

    Ready to Incorporate or Form an LLC? Check Pricing





    Why Form a Delaware LLC? Operating Agreements & more #forming #a #delaware


    #

    My Promise To You

    Harvard Business Services, Inc. specializes in forming Delaware companies and providing low-cost Registered Agent services. We take pride in delivering fast, impressive service to all our customers. Our experienced and knowledgeable staff will guide you through our seamless formation process. Whether you re forming your first company or your fifth, you ll appreciate our professionalism, low prices and lifetime customer service. We are always here for you; if you need help, just let us know and our friendly, professional staff will assist you. Harvard Business Services, Inc. makes the business formation process easy, so you can focus on growing your company.

    Read Our Reviews

    Privacy and Security

    Your data is kept confidential and is not released to third parties.

    Your personal information is encrypted by Secure Sockets Layer (SSL) software so that it cannot be read as the information travels over the Internet.

    Like our service? If you are one of our many satisfied customers, please give us a BBB review .

    Why Form a Delaware LLC?

    A Delaware LLC (aka Delaware limited liability company) is a type of business entity that is created by filing the proper Certificate of Formation with the Delaware Secretary of State.

    The first Delaware LLC was formed on October 1, 1993 when the Delaware Limited Liability Company Act first made the LLC a legitimate business entity.

    Currently, about two-thirds of all companies formed in Delaware are LLCs.

    In 1998, 87,729 LLCs were formed in Delaware. That number increased to 145,630 in 2006. In 2014, the number of Delaware LLCs had grown to 168,966.

    So why form a Delaware LLC? A Delaware LLC is an extremely flexible business entity with low start-up costs and an affordable Franchise Tax.

    Owners typically choose to form a Delaware LLC if they want to start a company but have no plans to go public or issue shares of stock in their company.

    LLCs offer members asset protection against liability and creditors, since a statutory limitation on personal liability means that LLC members cannot be held responsible for a sum higher than his/her initial investment in the LLC.

    The Delaware LLC is a truly unique business entity in that the structure of the company and the rules that govern the members (owners) of the company are contained in a contract called the Operating Agreement, which is drafted by the company s members.

    The structure of an LLC is more flexible than a corporation, in that the LLC members are free to organize the company in any way they see fit; the members can create all their own terms in order to govern, operate and oversee their LLC.

    All of these terms are set forth in the LLC Operating Agreement, which can be amended over time if need be.

    In drafting the LLC Operating Agreement, you have what lawyers call freedom of contract, which means, as the owner of a Delaware LLC, you have the freedom to tailor the terms and rules of your LLC to accommodate your specific business needs.

    Once it is signed and agreed to by all parties, the Operating Agreement is legal and enforceable by all parties.

    Customizable Operating Agreement templates are used by many LLCs as a starting point, but these templates can be modified to define any aspect of the company to best suit your situation.

    Another great reason to form a Delaware LLC is taxes. Delaware LLC members can choose whether they want their LLC to be taxed as an S corporation, C corporation. sole proprietorship or partnership .

    Once you decide which tax status you want your LLC to elect. you merely fill out the proper IRS forms.

    Keeping a Delaware LLC compliant is both easy and typically inexpensive. The only annual fees that are typically required are:

    • Delaware Franchise Tax (due June 1 of every year)
    • A Delaware Registered Agent Fee

    Why Use Harvard Business Services, Inc. to Form a Delaware LLC?

    Forming an LLC in Delaware is easy with Harvard Business Services, Inc. If you are ready to form a Delaware limited liability company with us today, simply navigate to our form your Delaware LLC page. You can form a Delaware LLC in just a few minutes, and pay online with PayPal or any major credit card.

    If you re still unsure about starting a Delaware LLC with us, these five reasons clarify why we are the leading Delaware business formation company and your best choice of a Delaware Registered Agent.

    1. Experience In our 35 years in business, we have formed over 150,000 Delaware companies for clients worldwide.
    1. Easy Filings We are one of the few Delaware Registered Agents approved by the Delaware Secretary of State. Thus we maintain a direct, online connection to the Division of Corporations, which allows us to quickly and efficiently file your Certificate of Formation at a reasonable cost.
    1. Free LLC Operating Agreement Templates We provide you with a free, digital selection of LLC Operating Agreement templates.
    1. Lowest Registered Agent Fee We guarantee your Registered Agent Fee will remain $50 per year, per company, as long as your LLC remains in good standing. This means your total cost to maintain your LLC in Delaware is only $350 per year ($300 for annual Franchise Tax, plus $50 for the Registered Agent Fee). Learn more about annual fees here .
    1. Free Lifetime Customer Support Our experienced and helpful LLC formation experts are happy to answer your questions via phone (1-800-345-2677), email or live chat.

    When you form your Delaware LLC through Harvard Business Services. Inc. our Corporate Kit, which is included in the Standard package, will provide you with an Operating Agreement to customize to your specific business needs. You can download a PDF of a single-member Operating Agreement here or a member-managed Operating Agreement here.


    Why Should I Incorporate My Business or file an LLC? #cheap #business

    #incorporating a business

    #

    Why Incorporate ?

    Choosing how a business is organized may be one of the most important decisions a business makes. Incorporation may be the wisest decision, but for some, it may be an unnecessary decision, and so each business should carefully assess the benefits (and challenges) of incorporation before moving forward. With that said, the greatest benefits to incorporation can be summarized into the 3Ls: Life, Liquidity, and Liability. Let’s start with Life.

    Life

    The best way to understand a corporation is to imagine it as a separate artificial person (with limited rights and privileges). Incorporating a business is essentially creating that separate person thereby making the business separate from the owner (in a sense, the business has a life of its own). As a separate entity, the corporation exists independent from the shareholders/owners and its employees. Regardless of what happens to the shareholders, or the directors, or the employees, the corporation itself continues to exist in perpetuity until a time the directors and shareholders decide to dissolve a corporation. In a sole proprietorship or general partnership where the owner(s) is the business, what affects the owner may affect the business. Any personal debt or liability of an owner or partner allows the creditor(s) to pursue the assets of the business whether or not the debt or liability has any relation to the business itself. Furthermore, personal bankruptcy of an owner or partner will directly impact a business by opening up its assets to any creditors the owner or partner is liable to. By incorporating a business. the personal finances of an owner or partner remains separate from the finances of the corporation and allows the business to continue without disruption. In the event of an unfortunate death of an owner or partner, the business is generally dissolved regardless of the wishes of the owner or partner(s). All of this could easily be avoided by incorporating the business as a separate entity.

    Liquidity

    As much as we believe that all owners of a business should remain forever committed to the success of the business, there may be times when an owner or partner will need to leave the business. Regardless of the reasons for leaving the business, incorporation allows the free transferability of interest from one person to another. Generally in a partnership, a partner cannot transfer his/her interest in a business to another without the express consent of all other partners. If a partner still decides to leave the partnership against the will of the other partners, the partnership is automatically dissolved. Incorporating a business removes this limitation by allowing shareholders/owners to freely transfer his/her interest to another without the unanimous consent of all other shareholders. Small businesses may see the restrictions against transferring shares as a good thing and may want to control how a shareholder may transfer his/her interest and to whom. Incorporation allows this flexibility as well. The free transferability of shares is a default rule, but by no means is it mandatory for all incorporated businesses. Businesses have the option to place restrictions on the transferability of certain shares and so even if this benefit of liquidity may be seen as a detriment to a business, incorporation lets the business decide whether or not to take advantage of this option. More importantly, unlike a partnership, incorporation prevents the ability of a minority shareholder from dissolving a business without cause.

    Liability

    One of the greatest benefits for incorporation is its limited liability against the shareholders. As mentioned above, any debt or liability against a specific shareholder remains separate from the corporation. Likewise, the inverse is similarly true. Any debt or liability against a corporation does not open the doors of shareholders’ assets to the creditor(s). The shareholder’s liability in any corporate debt or liability is limited to what the shareholder invested (unless there is fraud). In a sole proprietorship or general partnership, the owner(s) and/or general partners remain completely liable to any debt or liability placed against the business. If a business is unable to pay a debt, the creditor can attack the assets of an owner or partner until the debt is satisfied. In a corporation, a creditor can only attack to the extent the shareholder invested into the corporation (unless there is fraud). This allows the corporation to make business decisions without the risk of endangering the personal assets of its shareholders beyond what was invested. Risk is a necessary element to a successful business. Anything that minimizes the risk to investors makes the business more attractive, and so the limited liability of an incorporated business is quite valuable.

    Taxes

    The major detriment to incorporation is the taxes involved. In a sole proprietorship or partnership, the taxable income of the business flows directly to the owner and/or partners and are taxed based upon the individual’s income tax bracket. However, because the corporation is considered a separate entity, the taxable income of a corporation is taxed first under a corporate tax. If the corporation decides to distribute the remaining income to the shareholders, that income is taxed once more based upon the individual’s income tax bracket (essentially, a double-taxation). The marginal tax rate for a corporation can be significantly higher than the marginal tax rate for a sole proprietorship. Although this characteristic of incorporation may deter a business from incorporating, small businesses can avoid this double-taxation by taking advantage of the options given to a corporation by the states. Some options include incorporating as an S-corporation (see below) or filing as a Limited Liability Company (LLC) (see below). These options allow the taxable income to flow directly to the shareholders/members without being taxed twice, while at the same time, maintaining the benefits of incorporation. The 3Ls are important benefits, but not the only benefits. There’s also something psychologically beneficial about incorporating that goes beyond the number crunching and legal issues involved. Incorporation may seem to be a daunting task, but it is also an exciting moment in the life of a business. First conceived through an idea, a business can be birthed at the point of incorporation. No longer will it simply be an idea or something intangible, but an actual and existing entity. Sometimes this psychological step of seeing the business as something real will further motivate and inspire you to bring greater success to your business.

    Reduced Chance of Tax Audit

    Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared). and tend to under report revenue or over report deductions. For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years. In tax year 2006, a Schedule C filer stood a 1 in 32 chance of being audited. For non-business filers, the odds were around 1 in 124. This means that sole proprietors are significantly more likely to be audited.

    Build Credibility

    Distinguishing yourself from the competition by establishing a professional identity helps increase credibility with your customers. Most businesses choose to incorporate a business to prove their legitimacy to both customers and suppliers. Adding “INC.” or “LLC” after your business name gives you the credibility and professionalism that many customers are looking for.

    You could file all the necessary incorporation documents yourself. However, when you consider the time involved for filing, administering, and maintaining all the documents necessary to keep your business running legitimately. why would you? Let us help you get it done, so you can get back to business!

    • Forming a business with MyCorporation is a cost-effective way to protect personal assets and gain potential tax savings.
    • Our incorporation services start at just $69 (plus required government fees).
    • Lawyers charge, on an average, over $200 per hour. With our document filing services. you’ll know exactly what you are getting, and how much it costs from the very beginning.

    Was this article helpful?

    Terms and conditions, features, support, pricing and service options subject to change without notice. Intuit and QuickBooks are registered trademarks of Intuit, Inc. Copyright 1997-2016, MyCorporation All Rights Reserved. MyCorporation is a Document Filing Service and CANNOT provide you with legal or financial advice. The information on the website is designed to provide accurate and authoritative information in regard to the subject matter covered. It is presented with the understanding that MyCorporation is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations.

    Get State Specific Filing Information





    How to Form a Corporation or LLC – Start Incorporating a Company

    #incorporating a business

    #

    How to Incorporate or Form an LLC

    incorporate.com makes it easy for you to form a corporation or Limited Liability Company (LLC ) in any state. Most small business owners decide to incorporate to protect personal assets, gain credibility, and save on taxes.

    How Do I Incorporate?

    To get started incorporating a company, follow these simple steps below:

    1. Decide to incorporate. Before you set up a corporation, it’s important to understand the benefits of incorporating or forming an LLC. Knowing just what incorporating entails for you as a business owner – including financial and administrative expectations which may need to be reported periodically – can help you decide if incorporating is the right move for your company right now.
  • Select incorporate.com. It’s simple to form a corporation online. Rather than sift through endless piles of complicated paperwork and confusing terminology, we have helped countless businesses through the process of incorporation. Our thorough understanding of incorporation practices nationwide can assist you with making the process of forming a corporation as painless as possible.Learn why we think you will benefit from our services.
  • Choose a business structure. If you’re wondering, “Just how do I incorporate my business,” we will help guide you through the process and let you know what sort of business structure may best suit your needs of your corporation start up. C Corps, S Corps, and LLCs all provide different benefits. We can describe the differences which may help you choose the best structure for your company’s current needs and anything that arises in the future. Need more information about the differences between business structures? Check out our Business Comparison Chart .
  • Choose a state. Once you’ve decided that it’s time to start your own corporation, depending upon your company’s needs, you may want to incorporate in a state other than the one where your business currently resides. Additionally, some states have strict guidelines around unique names for corporations. When registering your corporation, we can help with naming that follows state guidelines. Get more information about choosing a state in which to start a corporation.
  • Choose a package. With a firm grasp of the options various company structures and states provide when forming or setting up a corporation, you’re well on your way to carving out a well-planned future for your new business. View our package options and begin incorporating a business online today.
  • Place your order. You can incorporate or form an LLC online or by phone with a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
  • What Happens After You Place an Incorporation Order?

    Once you submit an order to start a corporation, we take care of the paperwork for you:

    • We assign your order to a Business Specialist, who will contact you if there are any problems with the preliminary name search.
    • We complete Articles of Incorporation (for a corporation) or Articles of Organization (for an LLC) on your behalf. A few states require us to get your signature on the completed documents before submission. Normally, we submit documents directly to the state.
    • We file your documents with the state in which you wish to start a corporation or an LLC.
    • We forward the state approval notice to you (generally within 5-10 business days, although turnaround times vary by state).

    Ready to Incorporate or Form an LLC? Check Pricing





    How to Form a Corporation or LLC – Start Incorporating a Company

    #incorporating a business

    #

    How to Incorporate or Form an LLC

    incorporate.com makes it easy for you to form a corporation or Limited Liability Company (LLC ) in any state. Most small business owners decide to incorporate to protect personal assets, gain credibility, and save on taxes.

    How Do I Incorporate?

    To get started incorporating a company, follow these simple steps below:

    1. Decide to incorporate. Before you set up a corporation, it’s important to understand the benefits of incorporating or forming an LLC. Knowing just what incorporating entails for you as a business owner – including financial and administrative expectations which may need to be reported periodically – can help you decide if incorporating is the right move for your company right now.
  • Select incorporate.com. It’s simple to form a corporation online. Rather than sift through endless piles of complicated paperwork and confusing terminology, we have helped countless businesses through the process of incorporation. Our thorough understanding of incorporation practices nationwide can assist you with making the process of forming a corporation as painless as possible.Learn why we think you will benefit from our services.
  • Choose a business structure. If you’re wondering, “Just how do I incorporate my business,” we will help guide you through the process and let you know what sort of business structure may best suit your needs of your corporation start up. C Corps, S Corps, and LLCs all provide different benefits. We can describe the differences which may help you choose the best structure for your company’s current needs and anything that arises in the future. Need more information about the differences between business structures? Check out our Business Comparison Chart .
  • Choose a state. Once you’ve decided that it’s time to start your own corporation, depending upon your company’s needs, you may want to incorporate in a state other than the one where your business currently resides. Additionally, some states have strict guidelines around unique names for corporations. When registering your corporation, we can help with naming that follows state guidelines. Get more information about choosing a state in which to start a corporation.
  • Choose a package. With a firm grasp of the options various company structures and states provide when forming or setting up a corporation, you’re well on your way to carving out a well-planned future for your new business. View our package options and begin incorporating a business online today.
  • Place your order. You can incorporate or form an LLC online or by phone with a Business Specialist at 800-818-6082 (toll-free) or 302-636-5440.
  • What Happens After You Place an Incorporation Order?

    Once you submit an order to start a corporation, we take care of the paperwork for you:

    • We assign your order to a Business Specialist, who will contact you if there are any problems with the preliminary name search.
    • We complete Articles of Incorporation (for a corporation) or Articles of Organization (for an LLC) on your behalf. A few states require us to get your signature on the completed documents before submission. Normally, we submit documents directly to the state.
    • We file your documents with the state in which you wish to start a corporation or an LLC.
    • We forward the state approval notice to you (generally within 5-10 business days, although turnaround times vary by state).

    Ready to Incorporate or Form an LLC? Check Pricing





    Why Should I Incorporate My Business or file an LLC? #selling #your

    #incorporating a business

    #

    Why Incorporate ?

    Choosing how a business is organized may be one of the most important decisions a business makes. Incorporation may be the wisest decision, but for some, it may be an unnecessary decision, and so each business should carefully assess the benefits (and challenges) of incorporation before moving forward. With that said, the greatest benefits to incorporation can be summarized into the 3Ls: Life, Liquidity, and Liability. Let’s start with Life.

    Life

    The best way to understand a corporation is to imagine it as a separate artificial person (with limited rights and privileges). Incorporating a business is essentially creating that separate person thereby making the business separate from the owner (in a sense, the business has a life of its own). As a separate entity, the corporation exists independent from the shareholders/owners and its employees. Regardless of what happens to the shareholders, or the directors, or the employees, the corporation itself continues to exist in perpetuity until a time the directors and shareholders decide to dissolve a corporation. In a sole proprietorship or general partnership where the owner(s) is the business, what affects the owner may affect the business. Any personal debt or liability of an owner or partner allows the creditor(s) to pursue the assets of the business whether or not the debt or liability has any relation to the business itself. Furthermore, personal bankruptcy of an owner or partner will directly impact a business by opening up its assets to any creditors the owner or partner is liable to. By incorporating a business. the personal finances of an owner or partner remains separate from the finances of the corporation and allows the business to continue without disruption. In the event of an unfortunate death of an owner or partner, the business is generally dissolved regardless of the wishes of the owner or partner(s). All of this could easily be avoided by incorporating the business as a separate entity.

    Liquidity

    As much as we believe that all owners of a business should remain forever committed to the success of the business, there may be times when an owner or partner will need to leave the business. Regardless of the reasons for leaving the business, incorporation allows the free transferability of interest from one person to another. Generally in a partnership, a partner cannot transfer his/her interest in a business to another without the express consent of all other partners. If a partner still decides to leave the partnership against the will of the other partners, the partnership is automatically dissolved. Incorporating a business removes this limitation by allowing shareholders/owners to freely transfer his/her interest to another without the unanimous consent of all other shareholders. Small businesses may see the restrictions against transferring shares as a good thing and may want to control how a shareholder may transfer his/her interest and to whom. Incorporation allows this flexibility as well. The free transferability of shares is a default rule, but by no means is it mandatory for all incorporated businesses. Businesses have the option to place restrictions on the transferability of certain shares and so even if this benefit of liquidity may be seen as a detriment to a business, incorporation lets the business decide whether or not to take advantage of this option. More importantly, unlike a partnership, incorporation prevents the ability of a minority shareholder from dissolving a business without cause.

    Liability

    One of the greatest benefits for incorporation is its limited liability against the shareholders. As mentioned above, any debt or liability against a specific shareholder remains separate from the corporation. Likewise, the inverse is similarly true. Any debt or liability against a corporation does not open the doors of shareholders’ assets to the creditor(s). The shareholder’s liability in any corporate debt or liability is limited to what the shareholder invested (unless there is fraud). In a sole proprietorship or general partnership, the owner(s) and/or general partners remain completely liable to any debt or liability placed against the business. If a business is unable to pay a debt, the creditor can attack the assets of an owner or partner until the debt is satisfied. In a corporation, a creditor can only attack to the extent the shareholder invested into the corporation (unless there is fraud). This allows the corporation to make business decisions without the risk of endangering the personal assets of its shareholders beyond what was invested. Risk is a necessary element to a successful business. Anything that minimizes the risk to investors makes the business more attractive, and so the limited liability of an incorporated business is quite valuable.

    Taxes

    The major detriment to incorporation is the taxes involved. In a sole proprietorship or partnership, the taxable income of the business flows directly to the owner and/or partners and are taxed based upon the individual’s income tax bracket. However, because the corporation is considered a separate entity, the taxable income of a corporation is taxed first under a corporate tax. If the corporation decides to distribute the remaining income to the shareholders, that income is taxed once more based upon the individual’s income tax bracket (essentially, a double-taxation). The marginal tax rate for a corporation can be significantly higher than the marginal tax rate for a sole proprietorship. Although this characteristic of incorporation may deter a business from incorporating, small businesses can avoid this double-taxation by taking advantage of the options given to a corporation by the states. Some options include incorporating as an S-corporation (see below) or filing as a Limited Liability Company (LLC) (see below). These options allow the taxable income to flow directly to the shareholders/members without being taxed twice, while at the same time, maintaining the benefits of incorporation. The 3Ls are important benefits, but not the only benefits. There’s also something psychologically beneficial about incorporating that goes beyond the number crunching and legal issues involved. Incorporation may seem to be a daunting task, but it is also an exciting moment in the life of a business. First conceived through an idea, a business can be birthed at the point of incorporation. No longer will it simply be an idea or something intangible, but an actual and existing entity. Sometimes this psychological step of seeing the business as something real will further motivate and inspire you to bring greater success to your business.

    Reduced Chance of Tax Audit

    Sole proprietors tend to be more likely to file incorrect returns (many are self-prepared). and tend to under report revenue or over report deductions. For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years. In tax year 2006, a Schedule C filer stood a 1 in 32 chance of being audited. For non-business filers, the odds were around 1 in 124. This means that sole proprietors are significantly more likely to be audited.

    Build Credibility

    Distinguishing yourself from the competition by establishing a professional identity helps increase credibility with your customers. Most businesses choose to incorporate a business to prove their legitimacy to both customers and suppliers. Adding “INC.” or “LLC” after your business name gives you the credibility and professionalism that many customers are looking for.

    You could file all the necessary incorporation documents yourself. However, when you consider the time involved for filing, administering, and maintaining all the documents necessary to keep your business running legitimately. why would you? Let us help you get it done, so you can get back to business!

    • Forming a business with MyCorporation is a cost-effective way to protect personal assets and gain potential tax savings.
    • Our incorporation services start at just $69 (plus required government fees).
    • Lawyers charge, on an average, over $200 per hour. With our document filing services. you’ll know exactly what you are getting, and how much it costs from the very beginning.

    Was this article helpful?

    Terms and conditions, features, support, pricing and service options subject to change without notice. Intuit and QuickBooks are registered trademarks of Intuit, Inc. Copyright 1997-2016, MyCorporation All Rights Reserved. MyCorporation is a Document Filing Service and CANNOT provide you with legal or financial advice. The information on the website is designed to provide accurate and authoritative information in regard to the subject matter covered. It is presented with the understanding that MyCorporation is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. From a Declaration of Principles jointly adopted by a Committee of the American Bar Association and a Committee of Publishers and Associations.

    Get State Specific Filing Information