The Inc

Description

The Incorporators Ltd. has provided incorporating services to thousands of business owners, banking institutions, law firms and CPA's for over 20 years.

A close or general corporation that has "elected" S corporation status passes earnings and losses through the corporation and is reported on the owners' personal income tax return. This avoids the "double taxation" feature of general businesses and closed corporations. When incorporating with The Incorporators Ltd. , please indicate that you would like to form an S corporation. We will provide you with the I.R.S. Form 2553. You must complete the form and file it with the I.R.S. within 75 days of the date of formation of your corporation.

Broad Corporate Powers permit conduct of several legal businesses by one corporation. No Delaware Income Tax levied on corporations or LLC's not doing business in Delaware. No Delaware Tax To Beneficiaries or corporate stock held by nonresidents. All Meetings of members/stockholders and directors may be held outside of Delaware. Bank Accounts not required to be in Delaware. Capital requirements have no minimum. By-Laws may be made and altered by directors or by agreement of Members.

Limits on the number of shareholders Stock transfer restrictions The stock cannot be offered to the public or listed on a national securities exchange Intention to form a close corporation stated in the articles of incorporation. 1A W. Fletcher Cyclopedia Corporations 70.10 ; See also 8 Del. C. section 342 . In the absence of a specific statute, all states have some provisions designed to meet the distinctive needs of close corporations. Please contact your Secretary of State or Commonwealth to check their requirements.

A close or general corporation that has "elected" S corporation status passes earnings and losses through the corporation and is reported on the owners' personal income tax return. This avoids the "double taxation" feature of general business and C corporations. First, form a general or C corporation, then complete IRS Form 2553 within 75 days of the date of the incorporation. All shareholders must be citizens or residents of the United States. Limited Liability Companies offer non-residents many of the same advantages U.S. residents enjoy with the S corporation status.

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