Form a C-Corp

Start with the right business structure

Answer a few easy questions to help you decide which one may be your best choice

What Distinguishes a C-Corporation?

Successful businesses are not accidents. In fact, success is planned by insightful leaders from the very beginning. There are many important decisions to be made before opening for business and a savvy leader considers the many available options before choosing. Some leaders will choose to form a corporation. This two-step filing process results in a robust organization capable of weathering many of the uncertainties present in the current global economic landscape. Forming a corporation is very simple and can be a sound decision. Business leaders can work with the experts at DoMyLLC to ensure that the entire filing process is handled correctly.

Why Choose DoMyLLC?

DoMyLLC provides personalized support at every stage of the filing process. Customers can quickly file a corporation using our simple process. We have streamlined the steps in order to deliver truly rapid results. Our experience helping business owners grow their companies is unparalleled. Not only do we offer live support, we offer a complete customer satisfaction guarantee and a price match guarantee. You will not find more complete services at a better price.

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Advantages of a C-Corporation

In a C-corp or general corporation the legal entity is owned by its stockholders. Because the corporation is a discrete legal entity, the stockholders enjoy certain protections. Their individual liability is also limited by the extent that they have chosen to invest in the company. This has some valuable benefits. For instance, creditors coming after the business cannot come after the stockholders.

The protection extended to company stockholders is a large part of what makes incorporation an appealing option to potential owners. A company with poor credit, debt, or other liabilities has the potential to damage the assets of an owner; within a corporate structure, this does not occur.

Comparison Chart

LLC

C-Corp

S-Corp

DBA

LLCs provide personal liability and asset protection. Members (owners) are not held personally liable for the debts of the company.

C-Corps provide personal liability and asset protection. Officers, Directors, and Shareholders are not held personally liable for the debts of the company.

S-Corps provide personal liability and asset protection. Officers, Directors and Shareholders are not held personally liable for the debts of the company.

Owners have no personal liability or asset protection. Owners are held personally liable for the debts of the company.

Pass through taxation. LLCs are not taxed at the Corporate level. The profits and losses pass through to the members to report with their personal income tax.

C-Corps are double taxed. The company is taxed at the corporate level and dividends distributed to share holders are taxed as well.

Pass through taxation. S-Corps are not taxed at the Corporate level. The profits and losses pass through to the shareholders to report with their personal income tax.

DBA's are not taxed at the corporate level. Profits and losses are report by the owner/owners with their personal income taxes.

Although fees vary by state, LLCs are required to pay a filing fee along with the article of organization to set up an LLC.

Although fees vary by state, C-Corps are required to pay a filing fee along with the articles of incorporation to set up an C-Corp.

Although fees vary by state, S-Corps are required to pay a filing fee along with the articles of incorporation to set up an S-Corp.

Most DBA filings are done at the county level and do not require a state formation fee. Some states de require a state level registration and filing fee.

LLCs can be member managed or manager managed. In a member managed LLC the owners of the company are the ones that manage the day to day activities of the LLC. In a Manager-managed LLC the member elected a manager or managers to manage the day to day activities of the LLC.

C-Corps have shareholders, directors and officers. The shareholders are the owners of the company. The directors are elected by the shareholders and they appoint/elect officers to run the day to day activities of the business. People can hold multiple offices A C-Corp can have one person who is the only shareholder, directors and officer.

S-Corps have shareholders, directors and officers. The shareholders are the owners of the company. The directors are elected by the shareholders and they appoint/elect officers to run the day to day activities of the business. People can hold multiple offices A S-Corp can have one person who is the only shareholder, director and officer.

DBA owner/owners run ALL day to day activates of the company and have no restrictions within their role.

LLCs have a very informal business structure. LLCs have become very popular to form for this reason. LLCs are not required to hold meetings, documents minutes of meetings, issue stock or elect directors.

C-Corps have a very formal structure. C-Corps are required to have bylaws, hold annual meetings, documents minutes of meetings, issue stock and elect directors. Failure to comply with these formalities could cause the corporate veil to be pierced.

S-Corps have a very formal structure. S-Corps are required to have bylaws, hold annual meetings, documents minutes of meetings, issue stock and elect directors. Failure to comply with these formalities could cause the corporate veil to be pierced.

No corporate formalities are required.

LLCs can be either perpetual or have and finite end date. The existence term of an LLC is usually document in the operating agreement of the company. Some states require on the article of organization to list a termination date or list a perpetual existance. If perpetual the company will continue to exist the member die or if member interests are transferred.

C-Corps are a separate legal entity and have a perpetual existence. The corporation survives death and or transfer of stock of the owners.

S-Corps are a separate legal entity and have a perpetual existence. The corporation survives death and or transfer of stock of the owners.

A DBA ends with the death of the owner/owners or upon closing the business.

Most states require LLCs to file a annual report of pay franchise taxes on a yearly or biennially. Some states do not require any filings.

Most states require C-Corps to file a annual report or pay franchise taxes on a yearly or biennially. These fees can range from $10-$1,000 depending on state guidelines Some states do not require any filings.

Most states require S-Corps to file a annual report or pay franchise taxes on a yearly or biennially. These fees can range from $10-$1,000 depending on state guidelines. Only a handful of states do not have a annual or biennial filing requirement.

No ongoing maintenance or yearly filing requirements.

Since LLCs do not have stock to issue they can not sell stock to raise capital. LLCs are a separate legal entity and can earn credit, they can also obtain bank loans to raise capital. LLCs can get capital from existing member to take on additional member if approved in their operating agreement.

C-Corps can raise capital through selling varies types of stock. Once someone purchase stock they become a shareholder and business owner. Since C-Corps are a separate legal entity and can earn credit they can also obtain bank loans to raise capital.

S-Corps can raise capital through selling varies types of stock. Once someone purchase stock they become a shareholder and business owner. Since S-Corps are a separate legal entity and can earn credit they can also obtain bank loans to raise capital.

Capital is generally raised through bank loans since DBAs can not issue stock.

While corporate taxes will pass through to stock holders in S-Corp and LLC structures, they do not pass through in C-Corps.

FAQ

At its most basic, a corporation is a legal entity; in other words, it is regarded as singular regardless of how many people choose to start a corporation together.

The protection granted to stockholders’ personal assetts makes c-corp structuring noteworthy.

Businesses of any size are eligible for incorporation. A single business owner is all that is required to begin a C-Corp.

See our complete FAQ list here.

Ready to Start Your General Corporation?

DoMyLLC is here to help you start your general corporation; all it takes is $99 + applicable state fees. Only two steps are involved; start by completing your order and finish by verifying and signing the required documents. We handle all of the paperwork so you can feel confident that everything is done correctly.

Package Includes:

  • Name Availability Check
  • Articles of Incorporation
  • Sample Bylaws
  • Notices of Various Corporate Meetings
  • Minutes to Document Meeting
  • Compliance Calendar

If you’re interested in more info on forming an C-Corp, please call us at 888-366-9552.