Which business structure is right for me?
Choosing Between an LLC and SCorp.
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- Personal liability protection
- Can spread profits between the owners and the corporation
to lower the effective tax rate
- Formal meetings and record-keeping required
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- Same liability protection as a corporation
- No corporate tax, profits passed directly to owners
- Fewer corporate formalities required
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- Not a formal business structure
- Required to legally conduct business under a trade name
- Minimal maintenance required
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Other Business Structures
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New Business Set Ups
- Open Corporations
- Register Fictitious Names
- Articles of Incorporation
- Corp. Name (unique)
- Board Members
- Register Agent
- Incorporator(s)
- Sales and use tax number
- State Unemployment number
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- Corporate Book
- Sample of Board Minutes
- Corporate Seal
- Stocks Certificates
- Employer Identification Number (EIN)
- S-Corporation Status
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Maintain Your Business
Keep your company in good standing.
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- Uniform Business Report
- Board minutes
- Initial Reports
- Amendments to articles of incorporation
- Stocks Certificate Issuance
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