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Launch Your Start-Up the Right Way
Thinking of starting a new business? Establishing a Limited Liability Company (LLC) or corporation can significantly improve how you manage liability and taxes as an entrepreneur. We’ll help you understand the advantages of forming an LLC or other corporate structures.
Limited Liability Company (LLC)
LLCs are a top choice for small businesses—and for good reason. They’re cost-effective to form and easier to manage than traditional corporations. An LLC provides limited liability protection, just like C Corps and S Corps. Any business-related liabilities stay within the company, safeguarding your assets and other ventures from risk.
S-Corporation
An LLC is not directly subject to federal income tax. Instead, it qualifies for “pass-through” taxation, meaning the company’s profits are reported on each owner’s individual tax return, avoiding double taxation at the business level.
Beyond LLCs, there are other business structures like C Corporations and S Corporations. A C Corp is legally separate from its owners and offers limited liability protection to its shareholders. It also brings several tax advantages, such as allowing deductions for business expenses from corporate income.
C-Corporation
In addition, LLC is not accountable for federal income tax. It qualifies for ‘pass-through’ taxation, which means that the company’s income taxes are reflected on each owner’s tax return, rather than at the scale of the business.
Apart from LLC, there are other types of corporations, including C Corps and S Corps. C Corps is a separate legal entity from its owners, and it offers limited liability protection to its shareholders. It also provides numerous tax benefits, such as the ability to deduct business expenses from corporate taxes.
Non-Profit Corporation
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Fill out our easy form in minutes to begin the process of forming your company online. Our team of professionals will prepare and file all necessary documents on your behalf. The relevant government authorities will receive your application electronically, eliminating the need for complicated paperwork. Finally, your official company registration documents will be delivered directly to you.
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