TopConsumerReviews.com Best Company Incorporation
      September 22, 2018

Home  >  Company Incorporation  >  Articles

Best Company

Incorporation

  1. Rocket Lawyer
  2. Corp Net
  3. My Company Works
  4. Legal Zoom
  5. My Corporation
  6. Harbor Compliance
  7. Biz Filings
  8. Incorporate
  9. Corporate Creations
  10. Find Legal Forms

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Online Legal Protection For Your Business Newsletter

Latest Reviews

Acne Products

Coffee Clubs

Company Incorporation

CPA Exam Reviews

Credit Repair Companies

Dog DNA Testing

LLC Formation

Meal Delivery Programs

People Search

Pet Insurance

Wholesale Dropshippers

 

Related Articles

What are the Main Differences between an LLC and an S-Corp?

What Is a C-Corporation?

What Is an LLC?

What Is an S-Corp?

Which Type of Company Incorporation is Right for You?

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

What Is A C-Corporation?

The business owner has a range of choices when it comes to legal structure. An individual, such as a shop owner, contractor or freelancer can create what is called a sole proprietorship. If you go into business with one or more others, you may decide to create a partnership. Should you choose to incorporate, however, you can go one of two ways: You can choose to form an S-corporation or a C-corporation.

So what is a C-corp?
A C-corporation is a structure most common to larger organizations that can also suit smaller ones. C-corp status offers tax and other advantages but also imposes a lot of administrative requirements on the business owner(s). Some states require more of the C-corporation than others. Generally speaking, however, the formulation of by-laws and articles of incorporation, the election of a board of directors, and scheduling and recordkeeping relative to directors' and shareholders' meetings are requirements.

Separate Entity
One thing that distinguishes the C-corporation from the sole proprietorship is that a C-corporation exists separately from its owners. This means that if the company is sued or goes into debt, the assets of the owner(s) will not be vulnerable. Forming a C-corporation can mean the difference between worrying about exposing your personal assets to claims from creditors, or allowing yourself to sleep peacefully at night.

Taxation
To establish that separate identity, a C-corporation is given its own tax identification number by the Internal Revenue Service. On the downside, the profits of a C-corporation are taxed twice: The corporation itself is taxed when its returns are filed. Shareholders who receive dividends are also taxed when they fill out and submit their individual returns. On the upside, C-corporations can deduct the cost of any fringe benefits they provide to employees when the corporate return is filed. This can make offering fringe benefits more affordable. A healthy program of fringe benefits may enable the business to attract more qualified employees.

Stockholder Matters
In addition, a C-corporation can raise capital by selling stock, something a sole proprietorship or partnership cannot do. In some instances, this capability may make it easier to raise financial backing. The administrative structure that accompanies C-corp status can prove to be a negative. Regular shareholder meetings must be held -- once a year at least -- and minutes must be recorded. Each corporation must have its own president, secretary and treasurer. Shareholders must elect a board of directors who are required to meet regularly and vote on major decisions. In some cases, those decisions must also be approved by the shareholders. In other words, a system of checks and balances created with an eye toward accountability must be established.

For business owners accustomed to making decisions regarding the direction of the company on the fly, this structure can seem cumbersome, if not counterproductive. Owners and employees alike may bemoan such changes, looking with nostalgia upon the days when the business was "smaller and more personal."

By-Laws and Articles
A C-corporation must file articles of incorporation with the state secretary of state's office. It must also create and record a set of by-laws. Very often, these administrative requirements require the services of one or more lawyers which can prove costly.

C-corp status offers definite positives, but its administrative requirements can prove deleterious to the entrepreneurial spirit.

Telltale Games Hit With Layoffs, Majority Closure (UPDATED)

Telltale Games has been a mainstay of the narrative-driven gaming landscape ever since its 2004 incorporation by former LucasArts developers. Known for its smart, episodic adventures based on ...

Published:  Fri, 21 Sep 2018 16:01:00 GMT



CLPS Incorporation to Announce Fiscal Fourth Quarter and Full Year 2018 Financial Results

SHANGHAI, Sept. 20, 2018 /PRNewswire/ -- CLPS Incorporation (Nasdaq: CLPS) ("CLPS" or "the Company"), a leading information technology consulting and solutions service provider focusing on the ...

Published:  Thu, 20 Sep 2018 07:15:00 GMT



Cosmetics Market is Anticipated to Grow USD$ 390 Billion Globally by 2023

Key players profiled in the report include L'Oreal, Avon Incorporation, Procter and Gamble (P&G), Unilever, Oriflame, Revlon, Incorporation, Kao Corporation, Estee Lauder Companies Incorporation, Shis...

Published:  Sat, 22 Sep 2018 03:26:00 GMT



15 migrants arrested secondary to sweep

Officials spoke in general terms about the incorporation of immigration authorities with the drug investigation, which commenced in July and came to a head this week, resulting in 1,260 total arrests ...

Published:  Sat, 22 Sep 2018 01:06:00 GMT



Simplex Castings Ltd. - Intimation Of Incorporation Of Wholly Owned Subsidiary Company

We wish to inform you that the Company has incorporated an wholly owned subsidiary Company Simplex Castings International Pte. Ltd. at Singapore on 12th September, 2018. The details as required under ...

Published:  Thu, 13 Sep 2018 06:37:00 GMT



New Incorporation St Peter & St Paul Benevolent Society - Valentine Haremski

H. L. Worthington. W. W. P. Ketcham. Escanaba: L. B. Shepard. Ford River; Pier: Carrier. Frankfort: Kate Dar ley. Alpena. THE COURTS. Court of Illinois. Is.iSPecial.)--The proceedings Court today were ...

Published:  Sun, 16 Sep 2018 09:19:00 GMT



UNGA and Zim's international incorporation

The inauguration of President Emmerson Mnangagwa that came through the birth of the second republic, brought in the dawn of a new era as his main message has been centred on re-engagement and ...

Published:  Thu, 20 Sep 2018 03:55:00 GMT



Chegg, Inc. (NYSE:CHGG) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. (a)On July30, 2018, the Board of Directors (the "Board" ) of Chegg, Inc. ("Chegg" ) determined it was in ...

Published:  Fri, 21 Sep 2018 00:02:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure