Maintaining a Corporation or LLC

Starting a new business can be confusing – many people do not know what to do to maintain a corporation.  While it’s not complicated, when you don’t know what do to, corporate maintenance can seem like a daunting task.

Once your corporation or limited liability company has been formed, MyCorporation can help you manage the future of your new entity with MaintainMyBiz. With this corporate maintenance package, you select the filings you need for your business and we file them whenever you’re ready. With 18 products and services to choose from, you can customize your package to meet your business needs.

What’s Included? You can select up to 4 filings every 12 months from the following list of 18 products and services: Continue reading

S-Corp Election’s: What you need to know

The deadline to elect S-Corporation status from the federal government is
March 16, 2009. Now is the time to consider whether your corporation or LLC should make this tax election.
What is an S-Corporation? What are the benefits?
An S-Corporation starts out as a C-corporation or LLC. Choosing S-Corporation taxation avoids traditional “double-taxation” for corporations by allowing profits to “pass-through” and be reported on shareholder’s individual tax returns. LLCs can benefit from being taxed as an S-Corporation by reducing self-employment taxes on salaries paid to the owner(s). Continue reading