April 26, 2018

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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 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.

Which Type of Company Incorporation is Right for You?

Maybe when you first started out, a partnership or sole proprietorship was ideal. Your business was small, your exposure to legal liability may have been low because most of your clients or customers came to you via referrals from friends and family. But an organization's growth can mean both opportunity --- and potential headaches.

Your firm having survived its infancy, it might now be time to branch out to doing business in other states. You might have more employees and wish to offer them benefits while taking advantage of a tax deduction. Offering benefits might even result in attracting better quality employees. You might even want to raise capital by means other than personal assets or business loans. For these and other reasons, incorporating your business can be a good choice.

Once you've decided that you want to incorporate, you still have at least one more question to answer: "Which type of company incorporation is right for you?"

As an owner, you have two types of corporate structure to choose from. The C-corporation is what most folks think of when they think of incorporating. A C-corporation must accomplish a list of administrative steps to establish and maintain its status, among them the filing of a number of IRS tax documents throughout the calendar year. An S-corporation must take the same set of administrative steps but does not have to file a corporate tax return. Instead, S-corp owners report any profits or losses on their personal tax returns.

With both C-corp and S-corp structures, you establish your company as a tax and legal entity separate from you and any other owners. Creating this entity acts to protect you from liability in the event that you are sued or your company goes into debt.

Whether you select S-corp or C-corp status, incorporating your business requires the completion of a good deal of documentation that must be filed according to somewhat strict procedures. To make things even more complicated, each state sets its own rules relative to incorporation procedures. Hiring a lawyer who is familiar with your state's rules, as well as with federal statutes and provisions, is advisable. Consulting with a business tax professional before starting the process is also a good idea.

To begin the incorporation process, you must file articles of incorporation with your state's Secretary of State. In addition, you have to craft and record a set of company by-laws. By-laws do not need to be filed with any official body, but must be kept with company files. Next, you have to schedule -- at least once per year -- shareholder and board of directors meetings. When meetings are held, minutes must be recorded and kept on file. Establishing a business name with state and/or local authorities, complying with licensing regulations and obtaining a federal tax ID number are also part of the process.

If you choose the S-Corp route, you need to be sure your company meets IRS requirements for "Subchapter S" status. These requirements are routinely updated, so checking in with a tax professional is encouraged. If you do indeed qualify, you must have your shareholders vote to approve S-corp status. Once you have established S-corp status, you'll be able to sidestep the liability concerns of a sole proprietorship or partnership, as well as the cumbersome tax filing requirements of a C-corporation.

Each incorporation choice boasts its own positives and negatives. When it comes to choosing between the two, your business objectives -- tempered with sound legal and tax advice -- should inform the process.

Expert Highlights Incorporation of Neoadjuvant Endocrine Therapy Into ER+ Breast Cancer

Neoadjuvant endocrine therapy is well utilized in Europe but underutilized in the United States, says Hung T. Khong, MD. Many factors are at play, but they can be boiled down to physicians' familiarity with chemotherapy in the treatment of patients with ...

Published:  Wed, 25 Apr 2018 06:13:00 GMT

Global Biosensors Market 2018-2027: Rising Geriatric Population and Rapid Incorporation of Biosensing Technologies in Non-Medical Applications

The "Global Biosensors Market - Analysis and Forecast (2018 -2027) (Focus on Product, Application, 19 Countries Analysis, and Competitive Landscape)" report has been added to's offering. The global biosensors market was valued $1.46 ...

Published:  Wed, 25 Apr 2018 06:22:00 GMT

Global Ad Spending Market - Incorporation of AR to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--The latest market research report by Technavio on the global ad spending market predicts a CAGR of around 5% during the period 2018-2022. The report segments the global ad spending market by application (digital, TV, print, and OOH ...

Published:  Wed, 18 Apr 2018 12:42:00 GMT

Datasea Inc. (OTCMKTS:DTSS) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

Datasea Inc. (OTCMKTS:DTSS) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year On April 16, 2018, Datasea Inc. (the "Company" ) filed a ...

Published:  Mon, 23 Apr 2018 02:28:00 GMT

Corporate Services Singapore Explains Why Singapore is Ideal for Company Incorporation

Singapore offers a pro-business environment that is attractive to both domestic and foreign firms, says, incorporation firm - Corporate Services Singapore. "Asia is starting to evolve at a rapid pace, accounting for some of the world's largest consumer ...

Published:  Sun, 22 Apr 2018 01:11:00 GMT

Why incorporation isn't always a magical tax fix

Q: My wife and I are looking to retire in about five years or so. I am 55 and she is 52 and we are debt free. My question is: my wife recently started to work for herself designing kitchens and we were wondering tax-wise if it is better to claim this as ...

Published:  Wed, 18 Apr 2018 10:27:00 GMT

JIT head says no evidence of Maryam's role in incorporation of BVI companies

ISLAMABAD: JIT head Wajid Zia admitted on Friday that no evidence pointing to Maryam Nawaz's involvement in the incorporation of Nelson and Nescol offshore companies was available. The revelation came as the accountability court presided by Judge ...

Published:  Fri, 13 Apr 2018 15:43:00 GMT

Corporate Affairs Ministry's incorporation certificate proof of PAN/TAN

The government said the Certificate of Incorporation (COI), issued by the Ministry of Corporate Affairs, is adequate proof of PAN or TAN for a company.IANS | April 14, 2018, 19:52 IST In case of a company, an application for incorporation, allotment of PAN ...

Published:  Sat, 14 Apr 2018 07:27:00 GMT

Reliable incorporation between drug and packaging - navigating injection technologies

SMi Group reports: With updates on the recent developments in the Pre-Filled Syringes industry, and the ever-increased net worth of the medical devices market within the US especially, SMi's PFS West Coast Conference (June, San Diego, USA) will provide ...

Published:  Fri, 13 Apr 2018 02:09:00 GMT

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