Same Day Delaware Corporation Formation
Delaware Corporations.
A corporation is an entity,
usually a business, that has the legal authority to act as though
it were one individual rather than a large organization. A corporation
has free speech rights, and is guaranteed to receive both equal
protection and due process under the law. A corporation can procure
and hold property, sue others and be sued in return, and the shareholders
will be protected because they have limited liability resulting
from the the corporation being its own legal entity, distinct from
the shareholders. For tax purposes, a corporation is taxed separately
from its shareholders, having its own tax bill and paying its own
taxes. The shareholders of a corporation will only be taxed if it
is an S-corporation in which case the taxes will then be passed
through the corporation to be paid by the shareholders.
Fast, Simple, And Cost Effective.
In only a matter of minutes you can be on your way to starting your
own Delaware corporation. We
know the ins and outs of forming a Delaware corporation and our documents
are guaranteed to fully comply with Delaware law--insuring that you
will not be personally liable for the obligations of your new corporation.
For only $109.95 we will provide you with Articles
of Incorporation, customized bylaws, and IRS Form SS-4-- all the
documents necessary to form a Delaware C Corporation. For just $119.95
we will provide you with all of these documents plus a 30 day membership
to our corporate minutes wizard. I am interested in partnerships,
can you help me we that?
Partnerships.
A partnership
is a business that is jointly owned by two or more persons. Both
or all of the partners will share in the profits and the losses
of the business, and are considered jointly liable for any debts
or claims. The partnership owners will pay their share of the business
taxes on their personal tax returns.
Partnerships are different from corporations in a few key aspects.
First, is the fact that the partners
have unlimited liability, meaning that they themselves can be sued
for business of the partnership. Also, the business partners will
pay the taxes themselves, whereas a corporation, being its own entity,
will have its own tax bills and returns. Finally, from a financial
standpoint partnerships will cost less to organize, and they will
have less administrative duties than a corporation.
To form a partnership in Delaware, click
here.
I have heard about LLC's, how do they relate to a corporation?
In short a limited
liability company ("LLC") is a company that has limited
liability for its owners but it is taxed as though it were a partnership.
It is not available in all states, and like a corporation the company
is considered a separate legal entity. In most states it is taxed
like a partnership in that the owners will pay the taxes on their
personal tax returns.
As you can tell, LLC's
are similar to corporations in that they will limit personal liability
for the debts and claims of the business and they will likely cost
more to form. They will also have more administrative duties than
a partnership, although they are taxed like a partnership.
To form a limited liability company in Delaware, click
here.
Becoming a corporation vs. an LLC.
Which type is right for you will depend on the type of
business you will operate and the risk of liability that you will
have. You may want to think about forming either a corporation or
an LLC if your business will have a potential likelihood of being
sued by your clients and/or customers. If you will accumulate a
high amount of business debt an LLC or a corporation may be a good
option for you. Finally a corporation or an LLC can be a viable
option if you want to avoid the potentiality of having your personal
assets being used to pay for business debts.
S-Corporations
An S Corporation is no
different than any other corporation in regards to corporate legal
requirements, limited liability of shareholders, and all other aspects
of a corporation. Just like all other corporations, it is formed
under state law. The only difference is the method of taxation.
The IRS will allow a corporation to be taxed like a partnership,
thus the shareholders will pay the taxes on their individual tax
returns.
Best yet it will only cost $119 for us to provide you with Articles
of Incorporation, customized bylaws, IRS Form SS-4, and IRS Form
2553, all the documents filled out and necessary to to form an S-Corporation.
For just $129 you can have all of these documents plus a 30 day
membership to our corporate minutes wizard!
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