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99Fountains
  • Home
  • About Us
  • Services
  • Get Started

BUSINESS FORMATION

Limite

Once you've chosen the right structure for your business, we can take on the administrative burden of formation.

you tell us about 

your business

Take a few minutes and fill out the short form below

WE PREPARE AND FILE ALL THE PAPERWORK

Let us handle the research & administration

YOUR BUSINESS 

Once your filings have been approved we will send you your new business package


We are not a law firm or a substitute for an attorney or law firm. We cannot provide any kind of advice, explanation or recommendation about possible legal rights, remedies, defenses, options, selection of forms or strategies. This service is provided to assist in the administrative tasks required for the registration of your business.

                                
                      
                                
                      

Item

            
  • Ownership
  • # of owners
  • Administrative burden
  • Limited liability protection
  • Raising capital
  • Transfer of ownership
  • Duration of business
  • Taxation
  • Best for
                      

Sole Proprietership

            

Individual

1

Low

No

Difficult - owner typically must contribute own funds

Easy

Dissolves if owner ceases doing business or dies

Profits/losses are reported on the owner's personal tax return and any tax due is paid by the owners at the individual tax level

Sole owner who wants no red tape & is okay with personal liability

    
                      

LLC

            

Members

Unlimited

Medium

Owners typically are not responsible for business debts & liabilities

Maybe - via sale of member's interest, depending on terms of the operating agreement

Typically requires approval of members

Depends on operating agreement and state of incorporation

Profits/losses are reported on the owner's personal tax return and any tax due is paid by the owners at the individual tax level*

Owners who want limited liability and pass-through tax status

 
                      

S Corp

            

Shareholders

Unlimited

High

Owners typically are not responsible for business debts & liabilities

Yes - via sale of shares of stock

Via stock transfer

Lives on in perpetuity

Corporate income is taxed first at the business level and again at the individual level if distributed to owners in the form of dividends (double taxation)

Owners who want limited liability and the ability to reduce overall taxes by splitting income taxes

 
99Fountains
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