Professional Business Incorporation Services at ATAX

An LLC offers flexibility and pass-through taxation with fewer formalities, making it a good option for small businesses and sole proprietors. An S-Corp provides tax savings on self-employment taxes but has restrictions on ownership and requires more paperwork. A C-Corp offers the most protection and growth potential but faces double taxation. The best choice depends on your business goals, number of owners, tax situation, and growth plans. We can provide guidance based on your unique business situation.

Most state filings are processed within 1-3 weeks, though expedited processing is often available for an additional fee. You can typically start operating as soon as you file your paperwork, even before receiving official approval. However, you’ll need your official documents to open business bank accounts, apply for licenses, and sign contracts as the corporation.

Corporations must file annual reports with the state (fees typically range from $25-$300), maintain corporate records and meeting minutes, file separate tax returns, and may need registered agent services. LLCs generally have fewer requirements but still need annual filings in most states. We’ll explain all ongoing obligations specific to your business structure and state.

Yes, every corporation and LLC needs a registered agent to receive official legal documents and state correspondence. You can be your own registered agent if you have a physical address in the state of incorporation and are available during business hours. Although many business owners prefer professional registered agent services.

Yes, you can incorporate in any state, but you’ll likely need to register as a “foreign entity” in your home state if you’re conducting business there. Delaware and Nevada are popular incorporation states due to business-friendly laws, but this often means filing in two states and paying additional fees. For most small businesses, incorporating in your home state is more cost-effective.

Existing debts and contracts don’t automatically transfer to your new corporation – they remain your personal responsibility unless formally assigned to the corporation. You’ll need to contact creditors and vendors to transfer agreements to the new entity. This is why it’s important to plan the incorporation process carefully and work with professionals like the team at ATAX to ensure a smooth transition.