Establish a Strong Business Foundation with a Corporation (C-Corp/S-Corp)
Unlock Growth Potential and Shield Your Personal Assets with a Corporate Structure
What is Corporation ?
A corporation is a legal entity that is separate from its owners (shareholders). It is created by filing the necessary documents with the state and offers limited liability protection to its shareholders. Corporations have a distinct legal identity and can conduct business, enter into contracts, own assets, and incur debts in their own name.
Reasons for create Corporation
How to Start Corporation ?
Choose a Name
Select a unique name that complies with your state's naming requirements and reflects your brand.
Articles of Incorporation
Prepare and file the necessary paperwork, typically called Articles of Incorporation, with the appropriate state agency.
Appoint Directors and Officers
Determine the individuals who will serve as directors and officers of the corporation. Directors make high-level decisions, while officers handle day-to-day operations.
Draft bylaws that outline the internal rules and procedures of the corporation, including shareholder rights, meeting protocols, and corporate governance.
Obtain Required Permits and Licenses
Depending on your industry and location, you may need to obtain specific permits or licenses to operate legally.
Elect S-Corp Status (if applicable)
If you intend to form an S-corporation, you must file an election with the IRS within a specific timeframe after the corporation's formation.
Frequently asked questions
The main difference lies in the tax treatment and ownership requirements. C-corporations are subject to double taxation, where the corporation itself is taxed on its profits, and the shareholders are taxed on dividends received. S-corporations, on the other hand, have pass-through taxation, where profits and losses flow through to the shareholders’ individual tax returns. S-corporations have specific eligibility criteria, such as limitations on the number and types of shareholders.
Yes, it is possible to convert an LLC into a corporation. The process involves filing the necessary conversion documents with the state and adhering to the conversion requirements outlined by the state laws.
Corporations have ongoing obligations, such as holding annual meetings, maintaining accurate financial records, filing annual reports, and complying with tax requirements. It is important to stay informed about your state’s specific requirements and ensure timely compliance.
Our team of CPAs has extensive experience working with corporations of all sizes and industries. We stay updated on the latest tax laws and regulations.
We understand that every corporation has unique needs. We provide personalized solutions to optimize your tax strategy, financial reporting, and compliance.
We go beyond traditional accounting services and offer strategic guidance to help your corporation grow and thrive. Compliance Assistance: We ensure your corporation remains compliant with all tax and regulatory obligations, including filing requirements and corporate governance.
Timely and Reliable
We prioritize responsiveness, accuracy, and timely delivery of our services to provide you with peace of mind.
We ensure your corporation remains compliant with all tax and regulatory obligations, including filing requirements and corporate governance
Partner with Helponic today and experience the difference of working with a dedicated team that understands the unique challenges and opportunities Corporations present. Contact us for a consultation and let us help you build a solid foundation for your business success.