Month: September 2013
Delaware is one of the most popular places to incorporate, but there are a number of factors business owners should consider when deciding which jurisdiction will be the legal home of their company.
If you currently own or are thinking about starting a business, you have probably heard people talk about the benefits of incorporation. But you may be wondering: is it necessary?
The central advantage of filing for S election is that it allows business owners to avoid the “double taxation” applied to traditional C corporations.
Recently, limited liability corporations (LLC) have become an increasingly popular option for some business owners. This type of business entity can be more flexible than corporations, though it does not make sense for every company.
Having earned the Subchapter S designation from the Internal Revenue Service, an S Corp is treated as an entity separate from those who own it, meaning that the owners of an S Corp are sheltered from some – but not all – liabilities inherent in business ownership.
Incorporating your business can be a challenging task, one that business owners may be wise seek advice from their accountant or attorney before pursuing, as well as consider using a corporate service company to prepare and file the legal documents.