Month: September 2013

Where should I incorporate my business?

September 19, 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.

Below, we'll go over some of the reasons why more than 1 million entities—including 50 percent of all publicly traded U.S. companies and more than 60 percent of Fortune 500 firms... Read More

Is it necessary to incorporate your business?

September 18, 2013

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 short answer is no. You can run your business as a sole proprietorship without filing Articles of Incorporation. However, while there is generally no legal requirement for you to incorporate your business... Read More

What are the benefits of filing for S election for your corporation?

September 12, 2013

In a recent article published by Forbes, tax attorney Robert Wood discussed some of the reasons why business owners elect to form an S corporation rather than a traditional C corporation.

As Wood explained, a company's Articles of Incorporation are its "birth certificate," but they do not specify C or S status, as this distinction is solely related to tax treatment. All ... Read More

Is forming an LLC in Delaware a better option for my business?

September 12, 2013

Delaware's attractive business climate has always made it a popular choice for businesses that are interested in forming a corporation. However, incorporation in Delaware takes many forms. Data from the state's Economic and Financial Advisory Council reported that in 2012, fewer than 25 percent of new legal entities were traditional C-corporations.

Recently, limited liability... Read More

What are the advantages of forming an S Corporation?

September 12, 2013

If you're an entrepreneur who is interested in incorporating your business, there are a number of entity choices available to you. A popular choice is the S Corporation, which is a special type of corporation that offers similar taxation benefits to those of a partnership and an  limited liability corporation (LLC).

Business owners who decide to form an LLC typically do so fo... Read More

What is a corporation, and what are the benefits of incorporating?

September 12, 2013

Forming a corporation may seem like a rite of passage for many ambitious entrepreneurs - adding that "Inc." or "Corp." designation after the company's name is almost a validation of their hard work and dedication growing the organization. However, incorporating your business involves creating a new entity and is a formal filing with the Secretary of State, and should... Read More