BizCorpUSA.com is a fast, easy and inexpensive choice to form your Business Corporation or LLC (Limited Liability Company)..
It's never been easier or more affordable, to form your own company with BizCorpUSA.com. One of our Incorporation Specialist is available to answer your questions.
Sound planning is essential to any business. BizCorpUSA.com has the knowledge and experience to guide you through this important decision.
Incorporating your business is a great way to protect your personal assets from company liabilities such as creditors or lawsuits. Many business owners incorporate for this reason alone, but that's not the only benefit.
What is a C Corporation? It is a for profit entity that has an unlimited number of members / Shareholders. C Corporation's have an unlimited amount of shares / stocks . The C Corporation is a entity designed to protect any and all personal assets of it's members / shareholders.
C Corporation is formed by filing incorporation documents with the your state. State filing fees apply.
C Corporation has Limited Liability: The personal assets of the shareholders are not at risk. The limited liability is a major protection provided to its owners. A corporation is considered a separate legal entity, so the shareholders have limited liability for the debts of the corporation.
Attractive Investment to investors because of the built in stock structure. With a C Corporation the client has unlimited shares. The stock structure also permits offering ownership interest in the form of stock options or stock to key employees and talented employees. Additional capital can be raised by selling shares of the C Corporation's stock. C Corporation shares are freely transferable.
Taxes on a C Corporation: C Corporation pays taxes separate and apart from its owners. Owners of a corporation pay taxes on corporate profits paid to them. This could be in the form of salaries, bonuses and dividends. The corporation pays taxes on the profits at the corporate rate. C Corporation "has a tax" at the entry level. The profit of a corporation is taxed to the corporation when earned, and then is taxed to the shareholders when distributed as dividends. This creates a double tax. The corporation does not get a tax deduction when it distributes dividends to shareholders. Shareholders cannot deduct any loss of the corporation. Forming a C Corporation can result in self-employment tax savings.
Owner / employee: Owners who are employees are eligible for reimbursements or deductions on many types expenses such as: health and life insurance
C Corporation shareholders can be owned and operated by Non-U.S. Citizens and they do not have to reside in the U.S.
Operations of an C Corporation require annual meetings and reporting by the board of directors. Depending on the Secretary of State in your state, there could be bi-annual meetings or every 2 years.
Operational structure: A C Corporation has a set management structure. The owners of a corporation are its shareholders. The shareholders elect a Board of Directors, and the Directors elect the officers. The Directors are elected to manage and exercise the rights and responsibilities of the corporation. The Board elects officers such as the President, Vice President, CEO, treasurer, and secretary to manage the daily corporate business duties. The Directors also sets corporate policies and strategies for the corporation.
C Corporation has a perpetual existence and continues to exist until the shareholders dissolve it or merges with another business.
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