Online incorporation services are advertised as a cheap, fast and easy way to form an LLC or incorporate a business. The internet has certainly made many things easier and more affordable, including incorporating a business. If you are still unsure if online incorporation services are the right way to go, the following information may help in your decision.
One of the advantages of working with an online corporate services company is you can review each state you are considering for incorporation. Each state has different criteria as well as benefits and disadvantages. For example, forming a Delaware LLC or corporation is popular with Fortune 500 companies due to tax advantages, but these benefits likely do not apply to small businesses. It would take a lot of work on your own to analyze each state, or a lot of money to get the same advice from an attorney.
Individuals who work for business formation companies also have years of experience in the industry, and many have started their own businesses or reorganized businesses before. While they can't offer you legal advice as an attorney would, they can offer you valuable insight and help you understand the details of incorporation.
You will also get help reviewing the types of business entities available to you, including a limited liability company (LLC), S corporation, C corporation and others. If you are not quite sure which type of business entity is the right choice for your business, you will learn more about the benefits and drawbacks of each option and how they can fit into your business model.
After you learn about the process and decide what you want to do, online incorporation services allow you to incorporate a business incredibly quickly. All you will need to do is provide your information, make the payment and everything else will be taken care of, including filing your articles of formation with the secretary of state. The company will also verify that your business name is unique and ready for use.
Once this stage is done, you will get the paperwork back that you can use to apply for business licenses in your city or county. You can then open a business bank account in your company's name and begin keeping your records and money separate to maintain the corporate veil and protect your personal assets.
Learn more about the types of businesses you can choose from when you incorporate. Learn more about incorporating online by clicking here.
One of the advantages of working with an online corporate services company is you can review each state you are considering for incorporation. Each state has different criteria as well as benefits and disadvantages. For example, forming a Delaware LLC or corporation is popular with Fortune 500 companies due to tax advantages, but these benefits likely do not apply to small businesses. It would take a lot of work on your own to analyze each state, or a lot of money to get the same advice from an attorney.
Individuals who work for business formation companies also have years of experience in the industry, and many have started their own businesses or reorganized businesses before. While they can't offer you legal advice as an attorney would, they can offer you valuable insight and help you understand the details of incorporation.
You will also get help reviewing the types of business entities available to you, including a limited liability company (LLC), S corporation, C corporation and others. If you are not quite sure which type of business entity is the right choice for your business, you will learn more about the benefits and drawbacks of each option and how they can fit into your business model.
After you learn about the process and decide what you want to do, online incorporation services allow you to incorporate a business incredibly quickly. All you will need to do is provide your information, make the payment and everything else will be taken care of, including filing your articles of formation with the secretary of state. The company will also verify that your business name is unique and ready for use.
Once this stage is done, you will get the paperwork back that you can use to apply for business licenses in your city or county. You can then open a business bank account in your company's name and begin keeping your records and money separate to maintain the corporate veil and protect your personal assets.
Learn more about the types of businesses you can choose from when you incorporate. Learn more about incorporating online by clicking here.