A Corporation is a legal business structure that provides limited liability protection to its owners, known as shareholders. This means that shareholders are generally not personally responsible for the debts and liabilities of the corporation.

Corporations are typically taxed as separate entities. This means the corporation itself pays taxes on its income, and shareholders pay taxes on any dividends they receive, often referred to as “double taxation.” However, S-corporations may qualify for pass-through taxation, where income is passed through to shareholders and taxed on their personal income tax returns, avoiding the double taxation issue.

Turnaround times for incorporation vary by state but is typically two to four weeks. Many states are currently working through extensive backlogs and normal processing may be months.

We offer expedited processing for every state which generally reduces the turnaround time for a new entity incorporation to several business days (or same day, in some cases).

The cost to form a corporation varies by state. For more information about a specific state, please fill out the information form above or give us a call at (855) 236-9172.

The main difference between a corporation and an LLC lies in their structure and taxation.

A corporation is a separate legal entity that offers limited liability protection to its shareholders, but it is subject to double taxation—once at the corporate level and again when dividends are distributed to shareholders.

An LLC, on the other hand, provides the same liability protection but is typically taxed through its owners’ personal income, avoiding double taxation.

Additionally, corporations have a more rigid management structure, whereas LLCs offer greater flexibility in how they are managed.

One of the biggest advantages of a corporation is its ability to raise capital more easily by issuing stocks. Corporations also offer strong liability protection for shareholders, meaning personal assets are typically shielded from business debts and legal actions. Additionally, corporations have a perpetual existence, meaning they can continue operating even if ownership changes.

For tax purposes, S-corporations can offer pass-through taxation, which allows profits to be taxed only at the shareholder level, avoiding double taxation.

Of course! Call us at 855-236-9172 to speak with someone now.

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