Where To Register A Company?
To register a company in USA ( also known as ''incorporation'' ), you should know the corporate sytem and basic laws in the United States. The United States the corporate system is very diverse, every state has its own provisions regarding incorporation.
Delaware is the most preferred state for incorporations because of its modern laws and courts that specialized on Corporate Law. Today, more than 50% of all US companies have their legal home in Delaware. For further information, you may visit https://corplaw.delaware.gov/why-businesses-choose-delaware/
A corporation, sometimes called a C corp, is a legal entity that's separate from its owners. Corporations offer the strongest protection to its owners from personal liability, but require more extensive record-keeping, operational processes, and reporting. Also, cost to form a corporation is higher than other structures. . Corporations pay income tax on their profits.
Corporations have a completely independent life separate from its shareholders. If a shareholder leaves the company or sells his or her shares, the C corp can continue doing business relatively undisturbed.
Corporations can raise funds through the sale of stock, which can also be a benefit in attracting employees. For further information, you may visit https://www.sba.gov/business-guide/launch-your-business/choose-business-structure#section-header-1
This (S Corps) is a special type of corporation that's designed to avoid the double taxation drawback of regular C corps. S corps allow profits, and losses to be passed through directly to owners' personal income without being subject to corporate taxation. There are special limits and critereias on those corporations. You may check the requirements from https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations
Limited Liability Companies (LLCs)
The limited liability company (LLC) is a relatively new type of legal entity that provides flexibility. It combines both the advantage of limited liability of a corporation and the tax status of a partnership, i.e. the avoidance of double corporate income tax. The formation procedure is very similar to such of a corporation. It requires a written LLC agreement and a certificate of formation duly filed with the respective state authorities. However, in contrast to the corporation, an LLC can only have a limited term. For further information, you may visit https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc
Partnerships are the simplest structure for two or more people to own a business together. There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP).
Limited partnerships have only one general partner with unlimited liability, and all other partners have limited liability. Limited liability partnerships are similar to limited partnerships, but give limited liability to every owner. An LLP protects each partner from debts against the partnership, they won't be responsible for the actions of other partners.
Partnerships can be a good choice for businesses with multiple owners, professional groups (like attorneys), and groups who want to test their business idea before forming a more formal business. For further information, you may visit https://www.irs.gov/businesses/partnerships
How To Register A Company
Before setting up your new company, there are some questions that you must answer. Please take a moment to review the checklist below. Setting up a company is fast and easy once these provisions have been determinered:
- Name of the company
- State of incorporation
- Business structure
- Purpose of the company
- Owners and shareholders of the company
- Managers of the company
We may generally describe the main steps of the incorporation procedure:
- Applying to register in that specific state
- Establishing a registered agent with a valid, physical address in the selected state
Antroya, with its countless incorporation filings and years of corporate law experience, may initiate the process for you and provide the consultations regarding where to incorporate, what type of Corporation is the best fit for your needs, and help you understand what are the requirements and benefits for you. To see our services in this field of work, you may visit https://antroya.com/practice-area/company-incorporations/