Advantages of Incorporating

Starting a corporation for a new or existing business is an exciting time. It is a sign that a current business is growing or it can mean a new idea was possible to born. No matter why you choose to file a Corporation, DoMyLLC is here to make the process a little less stressful.

Our trained business specialists understand the needs of small businesses and are dedicated to providing excellent customer service. Filing a Corporation with DoMyLLC takes 15 minutes of your time. Simply place an order and sign your name. We make it that easy to DO.

Have Questions? Speak with a DoMyLLC specialist at (888)-DoMyLLC (366-9552).

Packages starting at $99

Advantages

Limited Personal Liability

Owners and officers of a corporation are not held personally liable for debts of the business. This is the main reason individuals choose to form a corporation. If the business is sued, the owners, directors and officers are not required to personally satisfy a debt if the business is unable to.

Example – Linda owns and operates a local bakery that has been in her family for over 50 years. Due to the economy Linda has been seeing less and less of her regular customers. Having tried everything she could to save the business she was forced to close her family’s bakery. After liquidating the company it turned out the company still had over $10,000 in debit. Since the company was a corporation, Linda will not be responsible to personally pay back the remaining debt of the company.

Linda was lucky that the business was incorporated. Had the business been a sole proprietorship she would have been responsible to personally pay back the remaining $10,000 the bakery owed.

Separate Legal Entity

A corporation is a separate legal entity from its owners, officers and employees. In a sense it is like a person. A corporation can build credit, enter into contracts, earn income and be sued in court. In the eye of the consumer a corporation is looked at as a more of a professional business structure than a sole proprietorship or partnership.

Tax Savings

Corporate tax rates are much lower than individual tax rates. Along with lower tax rates, a corporation may be eligible for additional tax savings not available to sole proprietors and partnerships.

Perpetual Life

Unlike a sole proprietorship, since a corporation is a separate legal entity from its owners and officers, it can in a sense live on forever. When an individual owning a sole proprietorship dies, so does the business. With a corporation this is not the case. Death of an officer, director or shareholder will not cause the business to cease.

Transfer of Ownership

Owners of a corporation can transfer their ownership percentage at anytime. Ownership may be transferred at anytime in exchange of assets for corporate stock.

Unlimited Owners

Unlike some business structures a corporation can have an unlimited amount of owners.

The process of starting a corporation is just a click or phone call away. Protect yourself and your business before it is too late. DoMyLLC will ensure your Articles are filed properly with the state so you can focus on running your business.

Packages Starting at $99

Ready to form a Corporation? ORDER NOW!

For more information on how we can help file a Corporation for your business please call our office toll free at (888)-DoMyLLC (366-9552).