FORMATION

We can help you start your business in no time, but first, let's take a look at the basic difference between the types of corporations. Formations will have a Federal EIN number attached.

LLC: One of the more popular structures for forming a business is a limited liability company. An LLC is flexible, giving you options for how your business is taxed and the number of owners it allows, but its most compelling quality is its ability to limit your personal liability if your business is sued or files for bankruptcy. 

For-Profit Corporation: Otherwise known as an "Inc", a for-profit organization exists primarily to generate a profit, that is, to take in more money than it spends. The owners can decide to keep all the profit themselves, or they can spend some or all of it on the business itself.

Foreign Entity: Mostly used in the United States to describe an existing corporation that conducts business in a state or jurisdiction other than where it was originally incorporated.