| |
|
HELPFUL INFORMATION |
 |
-
What is a Corporation
-
Entity Comparison
-
What State to Incorp...?
-
Compliance Requirements
-
International Customers
-
Business Articles
|
|
INCREASE YOUR BUSINESS REVENUE |
|
|
-
Become A Reseller
-
Partner With Us
|
|
|
Before you begin the process of
incorporating your business, you will need to choose a
business structure which best fits your product or service,
and company purpose. IncorporateOntime.com, Inc. can help
you form a new corporation or Limited Liability Company
(LLC) in any state. Please review our business comparison
chart below for the advantages of forming a C Corporation,
Subchapter S Corporation, or LLC.
| |
Type of Business Entity |
|
Characteristics: |
Sole Propriety |
Partnership (LLC) |
Corporation Type C |
Corporation Type S |
|
Formalities
(Minutes, etc) |
Minimal |
Minimal |
Yes |
Yes |
|
Business Administration |
Individual |
Management |
Directors |
Directors |
|
Ease of Fundraising |
No |
Limited |
Yes |
Yes |
|
Continuity |
No |
No |
Yes |
Yes |
|
Transfer of Ownership |
No |
Limited |
Yes |
Yes |
|
Legal Liability |
Unlimited |
Limited |
Limited |
Limited |
|
Taxation |
Individual |
Individual |
Double |
Individual |
|
Number of Owners |
1 |
Unlimited |
Unlimited |
75 |
Determining Factors:
|
Nature and growth of business |
Control level |
Profitability |
Fundraising
|
|
Structure Liability |
Taxation |
Reinvestment |
|
|
