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Limited Liability Company – The Newest Business Structure

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Form a Corporation – Without All the Headaches

litchfield financial corporation

Form a Corporation – Without All the Headaches

Several years ago, forming a corporation required an incredible amount of work for a business owner. There was red tape to cut through, and hurdles to jump. The process was extremely confusing, and required the services of a good attorney and accountant. Today, with the help of a company like The Company Corporation, setting up a corporation is quite easy and affordable for all business owners.

By incorporating your business, you reduce your personal liability, save on taxes, attract investors, ensure that the business will have perpetual life, and you can easily transfer ownership should you choose to do so. Most small businesses choose to either form an S corporation, or a limited liability company. Both options offer protection from liability, but not all small businesses are eligible for S corporation status, and not all small businesses are eligible for LLC status. But the chances are good that they will be eligible for one or the other.

In most cases, it is best to form your corporation or LLC in the state that your business resides in. However, if you will be doing business in more than one state, consider incorporating or forming the LLC in Nevada or Delaware. These two states offer many tax advantages that other states do not offer. Other popular states that offer better tax advantages are California, Florida, and New York.

If you are using the services of an attorney and accountant to set up your corporation or LLC, you will find that it is quite expensive. But The Company Corporation offers a variety of packages that dramatically lower the cost of incorporation based on your specific needs – they don’t charge exorbitant hourly rates. The Company Corporation only requires you to fill out very simple forms, and to select a Registered Agent.

The registered agent is the person who is responsible for receiving legal and tax documents for the corporation or LLC. The forms may include franchise tax forms, annual report notices, or notices of litigation. The registered agent is usually only contacted if there is a problem. You can choose your own registered agent, or you can choose to name The Company Corporation as your registered agent. The Company Corporation is usually a good choice for small businesses because they have the needed experience, and can help resolve many legal issues.

Incorporating or forming an LLC has never been as easy or as affordable as it is today. With The Company Corporation, once you’ve filled out the forms you are assigned to a business formation specialist, who checks your company name for availability. They then prepare the formation documents, such as the articles of incorporation or articles of organization, and then send them to you for your signature, if it is required in your state.

Once you have signed the forms, the specialist files the forms in the state that you are incorporating or forming your LLC in, and waits for approval or rejection. If you are rejected, the specialist will work with you to resolve the issues that caused the rejection. If you are approved, the entire process will have taken five to ten business days. The entire process is handled for you, so you don’t have to suffer through endless forms and paperwork yourself, or pay the fees required by private attorneys or accountants. You simply choose between incorporating or forming an LLC, choose a state, pick a package, take ten minutes to fill out a form – and then leave the work to The Company Corporation so you can get on with the business of running your business.

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