Incorporation

Incorporation

How Does It Work?

Think of incorporation as the official birth of your company. First, you’ll choose a unique name for your business. Then, we will submit some essential details about your company the State and Federal Government. Once they give the thumbs up, voila! Your corporation is born and ready to roll. Don’t worry, we’re here to guide you through each step, ensuring that starting your corporation is a breeze!

• We Keep It Simple
• We check your Business Name, file your paperwork, and follow up with your State. All you need to do is tell us a little bit about your business.
• We have Specialists to answer all of your questions
• Our Specialists have Incorporated Hundreds of Businesses just like yours. They can walk you through the entire process by phone, online or in person at any of our convenient locations and answer any questions you may have.
• We also offer Legal assistance for you if you need it after you Incorporate
• Whether you need to connect with a lawyer, create legal documents for your business, or need help staying compliant, we’re here to help your business grow.

Reasons to Incorporate

• Enjoy Tax Advantages. One of the biggest perks to incorporating your business are the tax benefits. You’ll be able to draw a salary, avoid taxes on profits, write off business expenses and losses, and much, much more.
• Protect Your Personal Assets. Unlike partnerships and sole proprietorships, corporations are considered legally separate from their owners. That means your personal assets are protected.
• Build a Stronger Business. Incorporating means you can get loans from banks. It means you can get local permits. It means you can attract investors, sell stocks, and hire the right employees. Above all else, it means you can Grow your Business.

Understanding Corporations

Types Of Corporations	Liability Corporation	Taxation	Formation	Corporate Maintenance
Benefit Corporation	Owners have limited personal liability for business debts.	Owners report their share of corporate profit or loss on their personal tax returns.	May have an unlimited number of shareholders. More expensive to create than partnership or sole proprietorship. Requires additional certification meeting Benefit Standards.	Shares of stock may be sold to raise capital meetings) are required to maintain corporate status and Benefit Certification
C Corporation	Owners have limited personal liability for business debts.	Owners can split corporate profit among owners and corporation, paying lower overall tax rate.	May have an unlimited number of shareholders. More expensive to create than partnership or sole proprietorship.	Shares of stock may be sold to raise capital meetings) are required to maintain corporate status.
S Corporation	Owners have limited personal liability for business debts.	Owners report their share of corporate profit or loss on their personal tax returns.	More expensive to create than partnership or sole proprietorship..	More formality requirements than for a limited liability company which offers similar advantages.
LLC Limited Liability Company	Shares of stock may be sold to raise capital meetings) are required to maintain corporate status and Benefit Certification	Shares of stock may be sold to raise capital meetings) are required to maintain corporate status.	More formality requirements than for a limited liability company which offers similar advantages.	Sale of member interests may take place per company policy. Significantly easier to maintain than a corporation.
LLP Limited Liability Partnership	Combines a corporation’s liability protection and pass-through tax structure of a partnership.	The limited partnership provides the limited partners a return on their investment (similar to a dividend), the nature and extent of which is usually defined in the partnership agreement.	Suitable mainly for companies that invest in real estate. More expensive to create than general partnership.	General partners can raise cash without involving outside investors in management of business. General partners personally liable for business debts.
Non Profit Corporation	Limited partners have limited personal liability for business debts as long as they don’t participate in management.	Full tax advantages available only to groups organized for charitable, scientific, educational, literary or religious purposes. Contributions to charitable corporation are tax-deductible. Fringe benefits can be deducted as business expense.	Full tax advantages available only to groups organized for charitable, scientific, educational, literary or religious purposes	Formality requirements (e.g. annual reports, minutes, meetings) required to maintain corporate status. Property transferred to corporation stays. there; if corporation ends, property must go to another non-profit.
Partnership	Owner (partners) personally liable for business debts.	Owner (partners) reports profit or loss on his or her personal tax returns.	Simple and inexpensive to create and operate. No filing necessary.	General partners can raise cash without involving outside investors in management of business.
Sole Proprietorship	Owner personally liable for business debts.	Owner reports profit or loss on his or her personal tax return.	Simple and inexpensive to create and operate. No filing necessary.	No formal corporate maintenance is required.

Ready To Be Incorporated?

We Have 3 Options for You

Get Started with XCorp Business Solutions

If you’re unsure about how to handle your business taxes, XCorp Business Solutions can help. We provide top-notch incorporation services, payroll development and management, taxation, web development, employee contract development, legal advice, and representation. We offer the same level of service and expertise from our offices to your home, with three convenient ways to file your taxes. Contact us today and let us help you make the most of your business.