Corporation & Compliance
Filing Service

To the right is an Entity Comparison Chart, listing the specific characteristics of certain business entities.

By viewing these entities side-by-side, you will be able to see the similarities as well as the differences between each of them.

By studying the information presented by the chart, you can decide on how you should best organize your business based on your own specific situation.

Additional Reference

• Entity Similarities & Differences

• Go Here regarding the legal filing of a Corporation.

• Go Here regarding the legal filing of an S-Corporation.

• Go Here regarding for the legal filing of an LLC.

• Have Questions? Ask us and we'll give you our answer. Go Here

Protect Your Business Structure and Avoid Piercing The Corporate Veil

It has been estimated that approximately 76% of all businesses that are incorporated are at risk of having their corporate veil pierced.

It actually is very easy to avoid any possible risk by just following a few very simple rules and proceedures.

By reading the information on the right, you will know what to do and how to avoid any future potential of corporate disaster.

In todays world, it is only a matter of time before someone or some legal entity challendges the legality of your corporate existence. Having your paper work in order is the only way you can, with assurance, come clean.

For the easiest way to keep your limited liability intact, all you need is the book & CD below.

Legal Entity Compliance Resolutions & Minutes for both Corporations or LLC's
"The Easiest Way To Keep Your Limited Liability Intact"

Available for
$97.00 TODAY!
For More Information
Click Here

• Our Custom Compliance Service

In addition to the book, we offer a customized service, based on your entities requirements and business activity.

Whether you require once a year, every month or something in between, we can fulfill your entities legal compliance mandates without stress to you and that is economical as well.

Remember, every entity is different and therefore one size does not fit all.

Call us to discuss your situation. We'll tell the easiest and most economical method to satisfy your states requirements. There is never any obligation or future commitment by calling us.

• Have Questions? Ask us and we'll give you our answer. Go Here
 
Properties
Sole Proprietor
General Partnership
C
Corp
S
Corp
Limited Liability Company
Formation
No state filing required
Agreement between two or more parties. No state filing required
State filing required
State filing required
State filing required
Duration of Existence
Dissolved if sole proprietor ceases doing business or dies
Dissolves upon death or withdrawal of a partner unless safeguards are specified in a partnership agreement
Perpetual
Perpetual
Dependent on the requirements imposed by the state of formation
Liability
Sole proprietor has unlimited liability
Partners have unlimited liability
Shareholders are typically not personably liable for the debts of the corporation
Shareholders are typically not personally liable for the debts of the corporation
Members are not typically liable for the debts of the LLC

Required
Operations

Legal Mandates (Meetings - Filings)

Relatively
few legal
requirements
Relatively few legal requirements
Board of directors, officers, annual meetings, and annual reporting required
Board of directors, officers, annual meetings, and annual reporting required
Some formal requirements but less formal than corporations
Mgmt
Sole proprietor has full control of management and operations
Typically each partner has an equal voice, unless otherwise arranged
Managed by the directors, who are elected by the shareholders
Managed by the directors, who are elected by the shareholders
Members have an operating agreement that outlines management
Taxation
Not a taxable entity. Sole proprietor pays all taxes
Taxed at the entity level. If dividends are distributed to shareholders, dividends are also taxed at the individual level
Taxed at the entity level. If dividends are distributed to shareholders, dividends are also taxed at the individual level
No tax at the entity level. Income/loss is passed through to the shareholders
If properly structured there is no tax at the entity level. Income/loss is passed through to members
Pass Through Income/Loss
Yes
Yes
No
Yes
Yes
Double
Taxation
No
No
Yes, if income is distributed to shareholders in the form of dividends
No
No
Cost of Creation
None
None
State filing fee required
State filing fee required
State filing fee required
Raising
Capital
Often difficult unless individual contributes funds
Contributions can be made from partners, and more partners can be added
Shares of stock are sold to raise capital
Shares of stock are sold to raise capital
Possible to sell interests, though subject to operating agreement restrictions
Transfer of Interest
No
No
Shares of stock are easily transferred
Yes, but must observe IRS regulations on who can own stock
Possibly, depending on restrictions outlined in the operating agreement