Whether you are planning a start-up or you have been operating a sole proprietorship for years, the process of incorporating a business can seem a bit overwhelming. It can help to work with a corporate services company to guide you through the many types of business entities available to you, the advantages of each in terms of your business, and how to complete and file the paperwork to avoid delays.
Not All Corporate Services are Equal
Hundreds of thousands of new businesses are created each year in the United States, which means high demand for corporate services companies. Do not assume that all companies are the same, however. Many will offer very low prices to help you incorporate your business, including as little as $100 to start your business, but remember that when something sounds too good to be true, it likely is.
Your business is an investment in your future, and it pays to do it right the first time. While this does not mean you need to spend thousands, it does cost money to get expert advice and real help to form an LLC or corporation properly. There are many reputable ways to get the help you need at a cost you can afford. A good place to start is searching for corporate service company with a proven track record, good reviews and a long history in the industry.
How Compliance Services Can Help
Companies that specialize in business services often do more than just help you form an LLC or corporation; they can help you ensure your company is run properly and remains compliant with state and federal laws. Failing to stay compliant can result in penalties, consequences with the IRS, having the corporate veil pierced if you are sued or even having your company dissolved. Compliance services are like an extra bit of security to avoid legal implications and errors.
Avoid Common Incorporation Mistakes
Making a mistake when you incorporate can mean a big headache and potentially big costs later. A business services company can help you avoid mistakes like:
Keep in mind that it may be beneficial to work with an attorney and accountant as well during the incorporation process to get a better understanding of your legal and financial needs, and to help decide the best type of entity.
Not All Corporate Services are Equal
Hundreds of thousands of new businesses are created each year in the United States, which means high demand for corporate services companies. Do not assume that all companies are the same, however. Many will offer very low prices to help you incorporate your business, including as little as $100 to start your business, but remember that when something sounds too good to be true, it likely is.
Your business is an investment in your future, and it pays to do it right the first time. While this does not mean you need to spend thousands, it does cost money to get expert advice and real help to form an LLC or corporation properly. There are many reputable ways to get the help you need at a cost you can afford. A good place to start is searching for corporate service company with a proven track record, good reviews and a long history in the industry.
How Compliance Services Can Help
Companies that specialize in business services often do more than just help you form an LLC or corporation; they can help you ensure your company is run properly and remains compliant with state and federal laws. Failing to stay compliant can result in penalties, consequences with the IRS, having the corporate veil pierced if you are sued or even having your company dissolved. Compliance services are like an extra bit of security to avoid legal implications and errors.
Avoid Common Incorporation Mistakes
Making a mistake when you incorporate can mean a big headache and potentially big costs later. A business services company can help you avoid mistakes like:
- Choosing the wrong entity. You will need to consider taxes, legal issues and business purposes to choose the right entity, whether it is a corporation or a limited liability company.
- Incorporating at the wrong time when you will pay more in taxes.
- Choosing the wrong state of incorporation, which may mean paying unnecessary filing fees and taxes on an annual basis.
- Failing to complete your documents and filings properly, and getting proof of filing.
Keep in mind that it may be beneficial to work with an attorney and accountant as well during the incorporation process to get a better understanding of your legal and financial needs, and to help decide the best type of entity.