A corporation is a separate legal entity, like a person, created by law. A corporation is able to enter into contracts, incur debts, and must pay taxes. The shareholders of a corporation are generally not personally liable for the corporation’s debts or other liabilities with some exceptions. All corporations start out as C-corporations, where any income realized by the corporation is taxed at the corporate level and any dividends paid to its shareholders is taxed again. This is known as dual taxation. Corporations can however decide to be treated as S-corporations by filing certain forms with the IRS. By electing S-Corp status, corporate incomes passes through to its shareholders and is taxed at the shareholder level. In order to keep and maintain a corporation, one has to follow certain formalities, such as annual meetings, keeping minutes and etc. In return, corporations offer an excellent way to raise capital from investors in order to aid the growth of the business.

Incorporate your business and protect your personal assets from lawsuits and creditors. Just answer the following questions and we’ll check the availability of your business name and prepare and file your articles of incorporation. Once the articles are filed, we’ll mail your custom bylaws, resolutions, corporate kit and seal, sample business forms, Tax Identification forms and S Corp election documents. We’ll also send you detailed instructions on how to hold your initial meeting to elect your directors, officers and adopt the bylaws.