• Limited Liability Company

  • S-Corporation

  • C-Corporation

  • Non-Profit Corporation

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Are You a Startup?

Let us guide you about how to form an LLC, and different corporations that can bring positive impact on your reliability and taxation as a business owner.

Limited Liability Company

The Limited Liability Company (LLC) is the best and most chosen business structure for new startups and small business entities. Its comparatively easier to manage an LLC with respect to prices and manageability as compared to other business modules.

LLC tends to offer a limited liability protection to the owners, that means if you own any liability, you are strictly limited to only that particular business. This means that your LLC has nothing to do with any other business operating in the market, nor it is causing any kind of influence on the personal assets of any business.

Another important factor of an LLC is that they are not accountable to any federal income tax. LLC is qualified for a ‘pass-through taxation’ which infers that the income taxes incurred are reflected on the owner’s tax return and not at the business scale.

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S-Corporation

When a new startup grows into a mature business slowly, it’s a dream come true for their owners. Growth and expansion also tends to upsurge the taxation of the company.

Companies that are growing at a large pace faces a lot of issues in the tax cycles. There comes a point when they need to upgrade the LLC to S Corporation Business Module. For small to medium businesses, S Corporations are highly recommended and convenient for the taxation purposes.

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C-Corporation

If you are established and running your business on a national level, then a C Corporation is the right fit for you. To smoothly regulate your business and to straighten your taxation, a C Corporation is the widely renowned business model.

A C Corporation is a distinguished method to build ownership of a business and it differs prominently with other business structures like LLC, Sole Proprietorship, etc. In C Corporation, a company’s profits are circulated as bonuses, which are then circulated to shareholders. The business liabilities distinct from the directors, investors, and shareholders.

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Non-Profit Corporation

A Non-Profit model of corporation is completely different from other business models that are mostly focused on generating profits only. It functions completely different and are aimed to benefit the employees only by distributing profits among them. No profit is shared among the shareholders and investors.

The profit distribution of a Non-Profit Corporation is to utilize this profit to pay the wages of employees working for this corporation.

FAQS Do You Have Any Questions?

  • 01

    Why Form a Limited Liability Company?

    The formation of a LLC is cheaper and easier because its formed by smaller companies. All Limited Liability Companies are not liable for any business loss.

  • 02

    What are the Benefits of an S-Corporation?

    • S corporations do not have to pay corporate Tax.

    • S corporations protect the personal assets of its shareholders.

    • S corporation does not pay federal taxes at the corporate level.

  • 03

    Can shareholders of C-corporations transfer their shares?

    Yes, a shareholder can freely sell his shares and the buyer will become the owner with both management and economic rights.

  • 04

    What is the purpose of a Non-Profit Corporation?

    A Non-Profit Corporation unlike S-corporations, C-corporations and LLCs are not made for profit making. They exist to pay salaries to their employees and help their beneficiaries.