Business Incorporation & Entity Setup

CORPORATION SET-UP

INCORPORATING YOUR BUSINESS

PDF Resources:

Which entity is best for you?

Are you in compliance with your Corporate Minutes?

While AdminBooks does NOT provide legal advice on the liability of a corporation, we can assist the client in the administrative process in setting up a corporation.

Some of the benefits of being incorporated are:

Tax savings
Asset protection
Losses pass to the owner's individual tax return (S-Corp)
Fringe benefits
Audit protection
Raise capital

After getting counsel for your specific situation, AdminBooks can help you...

Reserve a Corporate Name
Prepare Articles of Incorporation
File Articles of Incorporation
Obtain California Corporation Number
File SS4 Form to obtain an EIN
Provide a Corporation Binder
Prepare Bylaws
Prepare Waiver of Notice & Consent
Prepare Stock Notice & Register Stock
Prepare and File 2553 Form for S-Election
Prepare Statement of Information
Prepare First Corporate Minutes
Quarterly Meetings to insure compliance

"I chose AdminBooks to do my corporate minutes because they are the best at what they do. I could not run a successful business without them. Thank you all at AdminBooks for taking care of me."

- Peter Weiss,

The Backflow Guy

"I just want to thank you for putting together the minutes for my corporation. You have been doing my books for a long time and when it came time to catch up on my corporation minutes that I tried to do myself, you were right there for me. If anyone wants to call us to decide on using your services, please give them my number."

- Michael Fiato, Fiato & Associates

Frequently Asked Questions:

All corporations start as a C-corp and pay tax at the corporate level. A C-corp becomes an S-corp by completing the 2553 federal form. An S-corp pays tax on the net income and "pass-through" to the owners personal tax return. There are advantages of staying as a C-corp and other advantages to move to an S-corp. Consult a professional to see which entity is better for your specific situation.

It is not required to use an attorney to incorporate, except in South Carolina. In all other states, you can file the articles of incorporation yourself. However, if you are unsure of what steps to take or don't have the time to research it yourself, a professional is often well worth the money and grief.

We suggest that you take some time in coming up with a name. It must not be similar to another name already formed. Write it out, say it out loud, poll your closes associates to ensure you are good with the company name.

We will request that you give us your top 3 choices for names and we will check these to confirm they are available with the State. Unique names usually have no issues of being rejected and having to use alternatives.

Most states allow for one person to act as shareholder, director and all officers.

An EIN is an Employer Identification Number. Yes, it is required for your new corporation. You will need a federal EIN and a State EIN in order to process payroll, which all officers are required to be on payroll.