S-Corporation Business Creation Services
Our team of advisors can help you design the ideal structure for your company. We offer a flat fee service that includes creating all necessary company documents and advising on local business licenses. We aim to ensure your business fully complies with all federal, state, and local requirements. Additionally, we provide ongoing support to help your business thrive beyond its inception. Whether you need guidance on financial planning, marketing strategies, or operational management, our experienced consultants are here to assist you.
Clients are responsible for providing accurate and complete information necessary for the successful creation and registration of their business, responding promptly to requests for information and feedback to avoid delays, and ensuring compliance with all applicable laws and regulations.
Clients are responsible for providing accurate and complete information necessary for the successful creation and registration of their business, responding promptly to requests for information and feedback to avoid delays, and ensuring compliance with all applicable laws and regulations.
Benefits of Establishing a S-Corporation:
- Limited Liability Protection:
- Like a C-corporation, an S-corporation provides limited liability protection. This means the owners' (shareholders') personal assets are generally protected from business liabilities and debts.
- Pass-Through Taxation:
- One of the significant advantages of an S-corporation is its pass-through taxation.
- Profits and losses are passed through to the shareholders' tax returns, avoiding double taxation with C-Corporations.
- Tax Savings:
- S-Corporations can offer potential tax savings for shareholders.
- Since profits are passed through to individual tax returns, shareholders can benefit from lower tax rates on business income.
- Deductible Business Losses:
- Shareholders in an S-corporation can deduct their share of business losses on their individual tax returns, which can help offset other sources of income.
- Employee Benefits:
- S-Corporations can provide certain tax-advantaged employee benefits, such as health insurance, retirement plans, and other fringe benefits.
- This can be an attractive feature for business owners and employees.
- Transferability of Ownership:
- Shares of stock in an S-corporation can be easily transferred, making it relatively straightforward to sell or transfer ownership interests in the company.
Services included in a S-Corporation Creation:
- File business with the IRS for the Employer Identification Number (EIN).
- File the Articles of Incorporation with the Secretary of State (SOS) or other applicable state entity.
- Create IRS-2553 Form for S-Corporation Election and support the client with filing.
- Create Bylaws for the Corporation.
- Create Annual Minutes for the Corporation.
- Create Form W9 for the Corporation.
- File the State Registration for the new entity with the SOS or other applicable state entity.
- Instruct client on opening a business checking account and support client where needed and as necessary.
- Support the client in paying any minimum tax due to the applicable state entity from the business checking account.
- Research requirements for, support, and set up the following as needed: Fictitious Business Name (FBN), Doing Business As (DBA), Workman’s Comp, Business License(s), and Sales & Use accounts and permits with the applicable state entity.
- Research and support all federal, state, and local requirements to ensure compliance with the business moving forward.
- Set up a new QuickBooks Online (QBO) account for the above entity.