Below are a few resources that we have compiled to help you with your business.
 
 -  C-Corp

C-Corporation is the traditional and most common type of corporation. A C-Corporation allows the company to have an unlimited number of shareholders. This is beneficial to companies who envision offering stock publicly. The inherit benefit of any form of incorporating is that it shields the shareholders (owners) from personal liability arising from business debts and business lawsuits. Our affiliate can assist you in building corporate credit for your company.


 - S-Corp

S- Corporation is a hybrid of the C-Corporation and a partnership. It is set up like a C-corporation with a Board of Directors and shareholders; however it has the option to be taxed like a partnership. Passing the profit or losses on to the shareholders, where it is only taxed once.


The inherit benefit of any form of incorporating is that it shields the shareholders (owners) from personal liability arising from business debts and business lawsuits. Our affiliate can assist you in building corporate credit for your company.


 - LLC

Limited Liability Company is a hybrid entity that combines the tax flow-through aspects of a partnership with the liability protection of a corporation or a limited partnership that can manage the business.


 - Corporation VS LLC Difference

    Corporations issue stock, LLCs do not.
    Corporations are owned by stock holders, LLCs are owned by member interests.
    Corporations are required to hold annual meetings for both directors and shareholders, LLC are not required to.
    Corporations are a separate taxable entity; LLCs are not, by default  they are treated as a pass-through tax entity, thus not having double taxation issues that C corps have.



 - Non Profit

It is a process to become a non-profit organization. But, it’s worth it for most who are considering it.  Organizations that meet the non-profit requirements of the IRS section 501 (a) are exempt from federal income taxation. They are also able to receive donations that are tax deductible to the donors (under code 170), and to be eligible to apply for appropriate grants.

The most popular is the 501 (c)3 designation of non-profit formation but there are many other options also, depending on what you want to do, gives us the answer to what you category the organization would fall into.

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