The Easiest Way to File Corporate Applications and What Type of Corporation to Choose?

corporate applications

Are you planning to register your corporation? Do you know the easiest way to file? The traditional way is to visit your state office to complete and submit your application. It’s less convenient. And it’s definitely not the quickest and easiest way. If you want the most convenient and no-hassle way to submit corporate applications, then opt for online filing. 

Online Filing of Corporate Applications 

Many states now offer online filing for corporate applications. This method allows you to complete and submit your application entirely online. The process is typically user-friendly and may include step-by-step instructions to help you navigate the process. And you can access the forms through the Corporation Center. Just choose the state where you wish to register your corporation. We’re a third-party service provider that specializes in filing corporation applications. We can complete the necessary paperwork and file it on your behalf. Thus, we can save you time and effort. 

What Type of Corporation to Register? 

Now that you have chosen a third-party service to file your applications, you may be wondering what type of corporation you need to register.

C Corporation 

This is the most common type of corporation and is taxed as a separate entity from the business owners. It offers liability protection for business owners, but it is subject to double taxation.

S Corporation

This type of corporation is taxed as a pass-through entity, which means that the business’s profits and losses are passed through to the individual owner’s personal tax returns. S corporations also offer liability protection for business owners.

Limited Liability Company (LLC)

An LLC combines elements of a corporation and a partnership. LLCs offer liability protection for business owners and are taxed as a pass-through entity.

Nonprofit Corporation

A nonprofit corporation is a type of corporation that is formed for charitable, educational, or religious purposes. Nonprofit corporations are exempt from paying federal income taxes.

Professional Corporation

A professional corporation is a corporation that is formed by licensed professionals such as lawyers, doctors, and accountants. This type of corporation offers liability protection for the individual owners but may have restrictions on ownership and management.

Among these types, the LLCs, S corporations, and C corporations offer the safest net. They ensure that your personal assets are protected if someone sues your business. But for tax purposes, S corporations and sole proprietorships may be the best type of entity. The C corporation requires double taxation. But it can lower your taxes if you keep most of your profits in your business. 

How Long Will It Take to Make It Official? 

As soon as you file your articles of incorporation, the incorporation of your business starts. Filling out the form takes a few minutes, especially if you use our online service. However, you need to prepare the documents for weeks. And if you need help or you want more guidance regarding corporate applications, then don’t hesitate to give us a call at (800) 580-4870.

corporate applications