Register your Business

LLC

The simplest and most flexible way to structure your business to protect personal assets.

Business owners stand to gain many benefits when they register a company as an LLC (Limited Liability Company):

• Limited liability protection. Limited liability protection means that owners are not held personally responsible for business debts and liabilities. When an LLC is filed correctly, only LLC assets, and not personal assets, are used to pay off business debts.
• Pass-through taxation. Typically an LLC does not pay taxes at the business level. Income/loss is reported on the owners’ personal tax returns and any tax due is paid at the individual level.

C CORP & S CORP

The C Corp is a more complex structure that gives you the ability to issue shares, go public, or go global.

S corps are corporations that have elected a special tax status with the IRS

• Limited liability protection. Owners are not typically responsible for S corporation business debts and liabilities. 
• Easy transfer of ownership. Ownership is easily transferable through the sale of stock.
• Unlimited life. When an S corporation’s owner incurs a disabling illness or dies, the corporation does not cease to exist. 
• Pass-through taxation in the corporate form. S corporation tax status avoids the “double-taxation” associated with C corps.

NON-PROFIT

Nonprofit organizations are groups organized for a good cause rather than for profit. None of a nonprofit organization’s income is distributed to its members, directors, or officers.

• Work on solving issues, creating change, and giving back
• Obtain Internal Revenue Code 501(c)(3) tax-exempt status if eligible
• Qualify for government grants and loans
• Accept tax-exempt funds from another nonprofit through fiscal sponsorship
• Pay yourself a fair salary as part of operating expenses
• File an annual information return with the IRS to maintain your tax-exempt status