J. McCaleb CPA Firm, one of the leading
providers of US Incorporation and US LLC formation,
has helped tens of thousands of companies get their
What is a corporation? A corporation is a legal entity that exists separately from its owners. Creation of a corporation occurs when properly completed Articles of Incorporation and all required documents are filed with the correct Federal and state authority, and all fees are paid.
What are the benefits of
The primary advantage of incorporating is to limit
your liability to the assets of the corporation
only. Usually, shareholders are not liable
for the debts or obligations of the
corporation. So, if your corporation defaults
on a loan, unless you have personally signed for
it, your personal assets will not be in
jeopardy. This is not the case with a sole
· Retirement funds, qualified retirement plans (like 401k) may be set up more easily with a corporation.
· Ownership of a corporation is easily transferable.
· Capital can be raised more easily through the sale of stock.
· A corporation possesses centralized management.
A corporation's life is unlimited and is not
dependent upon its shareholders. If an owner
dies or wishes to sell their interest, the
corporation will continue to exist and do
What is the difference between an “S" corporation and a “C" corporation? All corporations start as a “C" corporation and are required to pay income tax on taxable income generated by the corporation. A C corporation becomes an S corporation by completing the required federal forms with the IRS. An S corporations' net income or loss is “passed-through" to the shareholders and are included on their personal income tax returns. Because income is not taxed at the corporate level, there is no double taxation as with C corporations. Subchapter S corporations, as they are also called, are restricted to having fewer than 75 shareholders, who must be individuals (S corps cannot be owned by other corps) who are not non-resident aliens.
Do you need an attorney to incorporate your business? No! Having an attorney is not a legal requirement to incorporate, except in South Carolina (a signature by a SC attorney is required on Articles of Incorporation). In other states, you can prepare and file the articles of incorporation yourself; however, you should be thoroughly versed in the laws of the state.
In spite of their seemingly high hourly fees, a
good corporate attorney can be a valuable resource
to your small business. If you are unsure of
what steps your business should take and
you do not have the time to research the
matter yourself, our firm can form your corporation
and save you both time and money. The time you save
can be utilized to increase revenues for your
Our corporation will provide everything you need to
legalize your C or S-corporation.
· Corporate Seal Articles of Incorporation
· Handsomely designed 3-ring binder with efficient D-ring. Corporate name stamped in gold on spine.
· Printed minutes
· Employer identification number
· 20 customized stock certificates imprinted with corporate name
· Stock transfer ledger
· Other required forms
· Federal S corporation filings with the IRS
· State S corporation filings with the Franchise Tax Board
· Stock issuance filings as required by the state of California
Please contact us immediately if you have any questions regarding incorporating your business. When you decide to use our incorporating services, we start the process immediately. We commit to having all of the required corporate paperwork filed with the applicable state and federal organizations and your corporation legalized in a few short weeks.