Corporation

A general corporation provides the greatest flexibility. When initially filed, there are no restrictions on ownership and the corporation may have unlimited shareholders. This is the most popular type of filing for companies which plan to have more than 30 stockholders and/or plan to offer public stock offerings. A General Corporation is always filed as a "C" corporation initially. If you would like to change your tax status to Sub Chapter "S, the 2553 form must be filed with the IRS. CorpCo can partially prepare this form for you, for a $25 service fee. The form will then be sent to you for your signature and your forwarding on to the IRS for processing. NOTE: Some States also recognize Sub Chapter "S" filings at the State level as well. Please contact your State Department of Revenue/Taxation for State requirements, which differ. We do not handle the filing of any S Election forms.

• Form a Corporation

LLC - Limited Liability Company

A type of corporate filing providing similar benefits to and Incorporation. Limited liability companies are generally able to provide the limited personal liability of corporations and the pass-through taxation of partnerships or S corporations.

• Form an LLC

Not For Profit

A not-for-profit corporation (also knows as a non-profit corporation) is generally organized for some socially beneficial purpose, rather than for the direct monetary benefit of the directors or members. Not all not-for-profit corporations are tax exempt and some make a profit. Any organization that is determined (through the filing of 501-C-3 paperwork) by the Internal Revenue Service to be exempt from federal taxation of income. A tax-exempt company is normally required to operate exclusively for charitable, religious, literary, educational or similar types of purposes.

• Form a Not For Profit