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Business Formation

Limited Liability Company (LLC)Establish a business that can provide protection and flexibility and gain access to certain tax benefitsForm an LLC
C Corp / S CorpEstablish a formal legal entity that provides additional benefits and protections tailored to meet the unique needs of your businessForm a C-Corp or S-Corp
Doing Business As (DBA)Filing a DBA (Doing Business As) registration may be necessary to legally conduct business under a name other than your ownFile a DBA
Business LicensesWe can help you navigate the complex licensing process and ensure that you're operating in compliance with local and state regulationsFile Business Licenses
Steven Thomson

Steven Thompson
12 years of experience

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Tax Preparation

Form 1040Report personal or pass-through income, deductions, and credits, and calculate the amount of tax owed or refundedFile Form 1040
Form 1065For partnerships: report the income, deductions, gains, and losses of partnerships, including multi-member LLCsFile Form 1065
Forms 1120 and 1120SReport the income, deductions, gains, losses, and credits of an S Corp or C Corp, taxed separately from its ownersFile Form 1120 or 1120S
Other ReturnsHave something unique? Not sure which form(s) to file? We can help!File Other Returns
Steven Thomson

Steven Thompson
12 years of experience

Bookkeeping Services

Payroll ProcessingWe're here to help make payroll processing easy and stress-free for you.Find Your Payroll Solution
Fractional CFO ServicesThrough our partnership with Breakaway, we provide Fractional CFO ServicesLearn More
Steven Thomson

Steven Thompson
12 years of experience

Business Formation

Form Your Corporation

Form your corporation with Piece of Mind

S Corp or C Corp Formation

Are you looking to establish a formal legal entity that provides additional benefits and protections? Our S Corp and C Corp formation services can help you establish a solid foundation for your business and unlock a range of benefits.

  • Name Availability Search
  • Articles of Incorporation
  • Bylaws
  • Shareholder Agreements
  • EIN/Tax ID Number
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+ state filing fees
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Benefits of Forming an S Corp

Limited Liability

S-Corps offer limited liability protection for their shareholders, which means that personal assets are not at risk if the business faces legal or financial troubles.

Pass-Through Taxation

S-Corps are not subject to federal income tax at the corporate level, as the business's profits and losses are passed through to the shareholders' individual tax returns.

Potential Tax Savings

S-Corp shareholders can potentially save on self-employment taxes by paying themselves a reasonable salary and taking the rest of their income as distributions.

Attractive to Investors

S-Corps can be an attractive option for investors, as they offer the limited liability protection of a corporation and the tax advantages of a partnership.

Benefits of Forming a C-Corp

Limited Liability

C-Corps provide owners with limited liability protection, which means that owners' personal assets are generally protected from business liabilities.

Access to Capital

C-Corps can issue multiple classes of stock, which can attract investors looking for different levels of risk and return.

Perpetual Existence

Unlike other business structures, C-Corps have perpetual existence, which means that the company can continue to exist even if the owners change or pass away.

Flexible Management

C-Corps can have multiple classes of stock with different voting rights, which allows for more control over the company's direction.

S CorpC Corp
TaxationIn an S Corp, you only pay taxes on profit margins. Income and expenses flow through to a partner in the form of a K1.
TaxationIn a C Corp, you pay taxes twice. The corporation pays taxes on its net income, and the remaining profits flow through to shareholders in the form of a 1099-DIV.
Fed Tax FilingsAn S Corp files an 1120-S where it lists all its revenue, expenses, and assets. But the corporation pays 0 taxes to the IRS
Fed Tax FilingsA C Corp can file an 1120 where it reports all its revenue, expenses, and assets. Then it must pay its tax liabilities before disbursement of shareholder dividends.
State Tax FilingsAlthough not liable for federal tax, your state might have different regulations. DC, NH, TN, NY, and TX do not give special treatment to an S Corp and must pay state taxes on revenues. While LA allows exclusion of a portion of the revenues reported, S Corps must pay taxes on the remaining.
State Tax FilingsC Corps must pay state tax before paying dividends.
ShareholdersHas a limit of 100 shareholders and all must be US citizens.
ShareholdersHas no limits on who or how many people can own shares or if they are a US citizen.
StockS Corp owners get common stock, which has voting rights. All owners of common stock must be individuals.
StockC Corp investors get preferred stock, which usually comes with no voting right; however, priority is given to preferred stock holders before common shareholders. Owners of preferred stock can be individuals, a partnership, or other corporations.
S Corp OptionYou have 75 days after forming your LLC to elect to be an S Corp.
C Corp OptionYou have 75 days after forming your LLC to elect to be a C Corp.
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Frequently Asked Questions

What is a corporation?A corporation is a legal entity that is separate from its owners. It can enter into contracts, own property, and sue or be sued.
What is the difference between an S-corp and a C-corp?S-corps and C-corps have different tax implications and ownership structures. S-corps are pass-through entities that allow owners to avoid double taxation, while C-corps have more flexibility in terms of accessing capital and management structure.
How do I form a corporation?To form a corporation, you will need to file articles of incorporation with your state's Secretary of State office, pay the necessary fees, and obtain any necessary permits or licenses.
What are the benefits of forming a corporation?The main benefits of forming a corporation are limited liability protection for the owners, the ability to raise capital, and the potential for tax benefits.
What are the drawbacks of forming a corporation?The main drawbacks of forming a corporation are the cost and complexity of setting up and maintaining the entity, as well as the potential for double taxation for C-corps. We can help!
How many shareholders can a corporation have?S-corps can have up to 100 shareholders, while C-corps can have an unlimited number of shareholders.
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