Everything you need to know about forming a legal business entity and protecting your personal assets. Find the right fit—Sole Proprietorship, LLC, S-Corp, C-Corp, Nonprofit, or PC.
Your Business Deserves the Right Start
Starting your own business? Choosing the right legal structure is a game-changer. Whether you're launching your dream business, going full-time with your side hustle, or scaling a startup, we’ve got you covered. No confusing jargon—just straightforward guidance to help you launch with confidence.
Incorporation is the process of legally forming a corporate entity or company. When you incorporate, you create a separate legal entity that exists independently from its founders, owners, or shareholders. This separation is what provides the limited liability protection that shields your personal assets from business debts and liabilities.
Not sure which structure is best for you? We break it down so you can make a confident decision without the headache. • Sole Proprietorship: Simple, straightforward, and all yours. • LLC: A smart mix of protection and flexibility. • S-Corp: Keep more of what you earn with tax advantages. • C-Corp: Designed for growth and big ambitions.
• Nonprofit: Make an impact while enjoying tax benefits.
• PC: Liability protection designed for doctors, lawyers, and other licensed pros. Each structure has its own advantages and considerations regarding taxation, liability, and management requirements.
Consider incorporating your business when: • You want to protect your personal assets from business liabilities • You're seeking investment funding • You want to establish credibility with customers and partners • You're planning to hire employees • Your business carries significant risk of lawsuits or debt The right time varies for each business, but generally, the sooner you establish liability protection, the better.
The incorporation process typically involves these steps: 1. Choose a business name and check its availability 2. Select a business structure (LLC, C-Corp, etc.) 3. File formation documents with the state 4. Create internal governing documents (operating agreement, bylaws) 5. Apply for an EIN (Employer Identification Number) 6. Open a business bank account 7. Comply with licensing requirements Our platform simplifies these steps to help you incorporate quickly and correctly.
Incorporation costs vary by state and business structure, but typically include: • State filing fees ($50-$500) • Registered agent fees ($100-$300 annually) • Annual report fees ($50-$300) • Attorney fees (if you use legal assistance) Our service provides transparent pricing with no hidden fees, helping you understand the full cost of incorporation upfront.
Once incorporated, you'll need to maintain your business entity by: • Keeping personal and business finances separate • Holding required meetings and maintaining minutes • Filing annual reports and paying fees • Maintaining proper business licenses • Filing appropriate tax returns Failure to meet these ongoing requirements could jeopardize your liability protection.
While you can legally incorporate without a lawyer, professional guidance can be valuable for complex situations. Our platform provides the resources and tools to handle incorporation on your own while giving you the option to connect with legal experts when needed.
Most small businesses should incorporate in the state where they operate. While Delaware or Nevada offer certain advantages for larger companies, incorporating in your home state usually makes more sense for startups and small businesses to avoid additional fees and complexity.
Yes, you can change your business structure as your company grows and evolves. However, this typically involves filing new paperwork, paying additional fees, and may have tax implications. Starting with the right structure can save time and money.
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