Business Start-Up services
$199 Plus Filing Fees
Our Start-up Package guarantees the proper establishment of your business, thereby preventing any potential legal complications or undesirable tax liabilities. Our legal team will devise a business formation strategy tailored to your needs, encompassing LLC formation and the optimal tax structure to facilitate the achievement of your business objectives. Our Flat-Fee Service is offered at a competitive rate and encompasses the following features:
LLC
Numerous entrepreneurs opt to establish limited liability companies (LLCs). LLCs share similarities with corporations in that they provide business owners with a degree of personal liability protection. Nevertheless, the level of personal liability protection afforded by LLCs is not identical to that of corporations. Additionally, LLCs are not mandated to conduct regular management or shareholder meetings, and their owners are not obligated to adhere to the continuous corporate formalities that corporations must follow.
Corporations
Corporations are considered independent legal entities. They exist separately from people who own, control, and manage the corporation. A corporation does’t dissolve when the owners or shareholders die because it is considered a separate legal entity or person. Corporations provide owners with the most thorough personal liability protection. Additionally, corporations can pay taxes, enter contracts, and transact business.
The biggest difference between a corporation and an LLC is that corporations do not allow pass-through tax treatment like corporations. Generally, corporations are taxed at the corporate level. Shareholders are also taxed on distributions they receive. S-corporations allow for pass-through tax treatment. However, S-corporations allow for only one class of stock and have other ownership restrictions that LLCs don’t have.
Partnerships
Partnerships are defined as business arrangements in which two or more individuals share responsibility for the enterprise and divide the profits and losses accordingly. Beyond comprehending financial and tax obligations, partnerships necessitate a formal agreement among partners that outlines the decision-making processes, methods for resolving disputes, and other essential operational guidelines.