Corporations
A Corporation, often referred to as a “C” Corporation or an “S” Corporation, is an independent legal entity owned by shareholders or stockholders. This means that the Corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs. This results in the shareholders not being personally liable for the actions and debts the business incurs and only the assets of the Corporation can be made available to Creditors rather than the personal assets of its shareholders.
A Corporation is formed by filing Articles of In Corporation with the Secretary of State in the Jurisdiction that the Corporation will be operating in and will be formed under the laws of the registering state. Corporations must include a corporate designation such as Corporation, Corp., Incorporated, Inc., Limited, or LTD. at the end of the business name.
Generally, most small business Corporations choose or elect to become an S Corporation or S Corp. This election is done by filing the appropriate forms with the IRS due to the fact that the “S” is a special type of Corporation created through an IRS tax election. By making this election with the IRS, a Corporation can avoid double taxation, meaning avoiding having to pay tax on the income of the Corporation and on the income of its shareholders. Please consult with your tax adviser when making this decision to see if making this election is the right choice for your Corporation.
Let Legal Dox take all of the guesswork out of having to form your Corporation.
California Corporation Special: +
We charge $400.00 for a Single Shareholder Corporation plus the CA State Filing Fees ($100.00 for the filing fee, $5.00 to obtain a certified copy for your records, and $25.00 for the Statement of Information Filing) to do ALL OF THE NECESSARY FILINGS AND PAPERWORK to get your new Corporation up and running. The difference between us and others is that for about the same price, we actually do all of the work for you. Not just send you a box with instructions on how to do the rest yourself leaving you with guess work.
All Corporations come with:
- Corporate Kit available in 5 colors: black, brown, blue, green and burgundy*
- A Sub Chapter “S” filing with the IRS if Desired
- EIN Number also known as Tax ID Number
- The first Statement of Information Filing
- Business Permit if Needed
- Bylaws
- Minutes of Organizational Meeting of Directors
- Resignation of Incorporator
- Consent to Action by Directors In Lieu Of Organizational Meeting
- Waiver of Notice and Consent to Holding of Meeting of Directors
- Consent to Action by Incorporator without Meeting
- Issuing of Stock Certificates
*”The Corporate Kit” is a Custom heavy duty leatherette record book with rounded spine and concealed rivets. All kit components are contained in a box personalized in gold.
The Corporate Kit Contains:
- Metal hand seal
- Corporate record book
- Stock certificates
- Name of Corporation gold stamped on the record book
- Optional resolutions for IRC 1244 and S Corporation election
- Mylar reinforced index tabs
- Rag content minute book paper
- Stock transfer ledger sheets
+We can form Corporations for you in any of the 50 United States. Please call for prices.