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General Incorporation Information Session

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Overview on the incorporation process.

Published in: Self Improvement, Business
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General Incorporation Information Session

  1. 1. Incorporate or Form an LLC Today Protect Your Personal Assets Brought to you by The Company Corporation www.incorporate.com
  2. 2. Table of Contents <ul><li>About Us </li></ul><ul><li>Business Entity Structures </li></ul><ul><li>Benefits of Incorporating </li></ul><ul><li>Where to Incorporate </li></ul><ul><li>How The Process Works </li></ul><ul><li>What To Expect </li></ul><ul><li>Helpful Resources </li></ul>
  3. 3. Top 10 Things You Need To Know <ul><li>Even the smallest business can benefit from incorporating. </li></ul><ul><li>You can incorporate or form an LLC without an attorney. </li></ul><ul><li>You risk personal assets by doing business without a legal business structure. </li></ul><ul><li>You'll find an incorporation package to suit any budget at Incorporate.com. </li></ul><ul><li>You can incorporate even if you don't have employees. </li></ul><ul><li>Citizens of other countries can still incorporate in the United States. </li></ul><ul><li>One person may serve as a corporation's sole director and shareholder. </li></ul><ul><li>Don't let corporate maintenance intimidate you - we can help. </li></ul><ul><li>You can incorporate quickly and easily with our business expertise. </li></ul><ul><li>Even sole proprietors need business licenses. </li></ul>
  4. 4. <ul><li>Leader in helping businesses incorporate or form an LLC </li></ul><ul><li>Based in Wilmington, Delaware </li></ul><ul><li>Call center phone support </li></ul><ul><li>Provider of incorporation services on web for 15 years </li></ul><ul><li>Award-winning web site </li></ul><ul><li>Nationwide services </li></ul><ul><li>Incorporate.com has helped over 300,000 business owners </li></ul><ul><li>Parent company (CSC Global) dates back to 1899 </li></ul><ul><li>Founders created the Delaware corporate laws </li></ul>
  5. 5. <ul><li>Sole Proprietor </li></ul><ul><li>General Partnership </li></ul><ul><li>C Corporation </li></ul><ul><li>Subchapter S Corporation </li></ul><ul><li>Limited Liability Company </li></ul><ul><li>Non Profit Formations </li></ul>We Can Help!
  6. 6. The Internal Revenue Service (IRS) refers to general corporations as &quot;C&quot; Corporations. Forming a C Corporation allows a business owner to create a separate legal structure that can shield their personal assets from judgments against the business. Unless a corporation applies for S Corporation status, the IRS taxes corporate profits as well as dividends paid to shareholders. Many tax professionals refer to this scenario as &quot; double taxation .&quot; The Company Corporation can help you form your new C Corporation online in any state or the District of Columbia. This tried-and-true business structure has many advantages, including: - Limited liability for directors, officers, shareholders, and employees - Attract investors through the sale of shares of stock - Can issue more than one type of stock (example: common and preferred classes) - No limit to number of shareholders, who need not be U.S. citizens or residents - Perpetual existence, even if an owner leaves the business - Can deduct ordinary business expenses as well as benefits to employees - Can split profit and loss between owners and the business for a possible lower overall tax rate
  7. 7. S Corporations get their name from a unique section of the Internal Revenue Service (IRS) code. A corporation can eliminate the disadvantage of double taxation of corporate income and shareholder dividends by applying for S Corporation status. Owners report profit and loss on their individual tax returns. They still have the opportunity to separate and protect their personal assets from judgments against the business. The Company Corporation can help you form your new S Corporation in any state or the District of Columbia. Advantages include: - Limited liability for directors, officers, shareholders, and employees - Owners can report their share of profit and loss on their individual tax returns - Perpetual existence, even if an owner leaves the business - Attract investors through the sale of shares of stock
  8. 8. A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the personal liability protection of a corporation. LLC owners report their share of business profit and loss on their personal tax returns, similar to tax reporting for a general partnership. Forming an LLC can help you separate yourself from your business, protecting your personal assets in the event of a judgment against the company. All 50 states and the District of Columbia now recognize this popular business type. This business structure has many advantages, including: - Owners have limited liability for business debts and obligations. - Owners can report their share of profit and loss on their individual tax returns without filing a separate corporate tax return. - Owners do not need to be U.S. citizens or permanent residents. - LLCs do not need to hold annual meetings or record meeting minutes (though we recommend it) - LLCs can be owned by individuals or other companies.
  9. 9. <ul><li>Cannot engage in corporate income splitting to lower tax liability </li></ul><ul><li>Cannot issue stock </li></ul><ul><li>Has no limit to the number of owners </li></ul><ul><li>Owners can report profit and loss on their individual tax returns </li></ul><ul><li>Not required to hold annual meetings or record minutes </li></ul>LLC <ul><li>Double taxation of corporate profits and shareholder dividends </li></ul><ul><li>Must hold annual meetings and record minutes </li></ul><ul><li>S Corporations have restrictions on number of owners </li></ul><ul><li>May issue shares of stock to attract investors </li></ul><ul><li>Corporate income splitting may help lower overall tax liability </li></ul>Corporation Disadvantages Advantages
  10. 10. <ul><li>Personal asset protection </li></ul><ul><li>Save on taxes </li></ul><ul><li>Improve your credibility as a business </li></ul><ul><li>Name protection </li></ul><ul><li>Ease of ownership and transfer of ownership </li></ul><ul><li>Perpetual existence </li></ul><ul><li>Incorporate a business in less than 10 minutes. </li></ul>
  11. 11. Where to Incorporate? Most of our customers form their new companies in the state where they conduct the majority of their business.
  12. 12. Two Ways to Incorporate Phone Call Website
  13. 13. <ul><li>Incorporate or Form and LLC in 10 Easy Steps </li></ul><ul><li>Choose a business name </li></ul><ul><li>Select the State where you want to incorporate of form an LLC </li></ul><ul><li>Decide on a business entity structure </li></ul><ul><li>Identify the purpose of your company </li></ul><ul><li>For an LLC determine if the company will exist in perpetuity </li></ul><ul><li>For a corporation, determine the number and par value of shares </li></ul><ul><li>Identify at least one key executive </li></ul><ul><li>Provide the address of the business </li></ul><ul><li>Choose a package and price option </li></ul><ul><li>Provide a payment method </li></ul>
  14. 14. <ul><li>What to Expect: </li></ul><ul><li>Trusted Partner - Consultative calls with our experts </li></ul><ul><li>Solution for everyone- Multiple Package Options </li></ul><ul><li>Getting It Done Right- Document review </li></ul><ul><li>Long history- Relationships with State offices </li></ul><ul><li>Here for you- Registered Agent and Compliance Services </li></ul>
  15. 15. <ul><li>Incorporation Timeline: </li></ul><ul><li>Order process (10 minutes or less) </li></ul><ul><li>Prep and review of documents (same day) </li></ul><ul><li>Filing with State (24 hours up to a couple weeks) </li></ul><ul><li>Document Review </li></ul><ul><li>Incorporation material sent to business owner </li></ul>
  16. 16. <ul><li>Award winning web site at www.incorporate.com </li></ul><ul><li>Call center staffed with specialists </li></ul><ul><li>Business formation wizard tool </li></ul><ul><li>Free business formation guide </li></ul><ul><li>My Account </li></ul><ul><li>Save $15 off on incorporation packages (Code: Save15) </li></ul><ul><li>Call today at 1-888-340-7239 or visit www.incorporate.com </li></ul>

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