Types of Companies in USA for incorporation

Types of Companies in USA for incorporation

LLC

The limited liability company (LLC) is the most popular entity type for small businesses. An LLC combines the personal liability protections of a corporation with the tax flexibility of a partnership. The LLC offers many advantages, including:

• Pass-through taxation
• No residency requirement
• Enhanced credibility
• Legal protection
• Less paperwork than corporation

The Company Corporation makes forming an LLC quick and easy — so you can jump right into business

C Corporation

The C corporation is the most common type of corporation in the U.S. and has a number of advantages:

• Owners' personal assets are separate from the company's liabilities
• Unlimited growth potential through the sale of common stock
• Certain tax advantages, including reduced likelihood of an IRS audit, when compared to a sole proprietorship

Whether you hope to incorporate your internet or tech startup or change your sole proprietorship to a corporation or LLC, The Company Corporation can help you form your new C corporation in any state, making the process quick and easy.

S Corporation

By meeting certain requirements when incorporating a small business or start up, you can elect to claim a S corporation status with the IRS. An S corporation status allows your company to "pass through" its taxable income or losses to the business owners and investors, eliminating "double taxation" on shareholder dividends and corporate income.

S corporation status also offers limited liability, investment opportunities, continuous existence and a once-a-year tax-filing requirement.

When should you incorporate your startup? If you've given the matter some thought and have decided that now is the right time to take your business to the next stage, The Company Corporation can help you form your corporation and provide you with the paperwork necessary to achieve S corporation status.

Incorporate Co  in Delaware specifically

Delaware's flexible corporate laws and business-friendly state government have made it one of the best states in which to form a business.

Delaware also offers favorable tax treatment for companies headquartered in other states. In fact, more than two-thirds of the largest U.S. companies are incorporated here.

Benefits of incorporating in Delaware:

• Delaware is the leader for corporate law worldwide
• The state does not charge income or property tax
• State filing fees are among the lowest in the country
• Outside investors may require Delaware incorporation

The Company Corporation was founded in Delaware and has a direct link to the state, which results in faster turnaround times. In many cases you'll get your paperwork within 24 hours.

	C Corp	S Corp	LLC	General Partnership	Sole Proprietor
Owners have limited liability for business debts and obligations
Created by a state-level registration that usually protects the company name
Business duration can be perpetual
May have an unlimited number of owners
Owners need not be U.S. citizens or residents
May be owned by another business, rather than individuals
May issue shares of stock to attract investors
Owners can report business profit and loss on their personal tax returns
Owners can split profit and loss with the business for a lower overall tax rate
Permitted to distribute special allocations, under certain guidelines
Not required to hold annual meetings or record meeting minutes

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