Is a corporation the right choice for my business?

A corporation has more formal requirements than an LLC, but can provide your company with tax benefits that an LLC cannot. Deciding to incorporate your business should be done with the guidance of an attorney, as you will need more than just a completed Articles of Incorporation form to achieve the benefits of this decision. There are two types of corporations: “C” and “S”, with identical non-tax benefits. The difference, then, lies within the taxation of these corporations. By creating a “C” corporation, your company will become a completely separate taxable entity from the shareholders, with the corporation retaining all... READ MORE