Incorporations
We will guide you through the set up of your business including the choice of entity, tax issues, registering with federal, state, and local agencies, payroll, and accounting setup.
We prepare:
- Entity formation documents for LLC’s, incorporations, and partnerships
- By-laws and related documents
- Applications for Federal ID numbers
- S-Corporation elections
Frequently Asked Questions:
Q: Should I open an LLC or an S-Corporation?
A: These are 2 separate issues:
1) The choice of legal entity, Limited Liability Company or Corporation is a legal question.
Typically, clients prefer LLC’s because of the ease of administration.
2) Whether or not to operate as an S-Corporation is a tax question. Doing so may reduce payroll taxes.
An LLC may make elect with the IRS to be treated as an S-Corporation, a regular C-Corporation, a partnership,
or even a Schedule C on an individual’s return.