From LLCs to S-Corporations, we help you file your incorporation paperwork with the State and IRS.
A corporation is a type of legal entity that is separate from its owners. The owners are called the shareholders because they own shares of stock in the corporation.
There are two main reasons for incorporating a business. The first reason is to make it easy to invest in the business. Entrepreneurs need capital to fund their goals. If a business incorporates, an investor can own a piece of the business. Incorporation also provides the investor with some level of confidence that their investment is protected by laws that every corporation must follow.
The second reason to incorporate a business is liability protection. A corporation does business in its own name. If the corporation is sued as a result of a corporate activity that goes awry, the officers, directors, and shareholders of the corporation are usually not held personally liable. Also, if the corporation fails, then the shareholders typically lose only the value of their shares. A shareholder's personal assets are usually safe from corporate creditors.
When you file your Articles of Incorporation, you must pay a fee to the state. These fees range widely depending upon the state. The lowest filing fee is for the state of Kentucky, at $40. The highest filing fee is for Texas, at $300. There are also annual costs in many states in addition to the initial filing fee. You can wind up paying a substantial amount of money each year to stay in business.
We charge a fixed cost of $175 per filing.