Description: Incorporate your business online for FREE; Form a corporation or set up an LLC with MaxFilings Business Incorporation Services. Just pay state fees. 110% Best Price Guarantee.
Forming a limited liability company protects your personal assets by keeping them separate from your business assets, and it provides the greatest flexibility available when it comes to taxation and business structure. An LLC is the most common choice for small businesses with a single proprietor or a small number of members, as it offers the protections of incorporation without the same requirements necessary for larger, multi-shareholder companies.
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S corporations offer specialized taxation that limits the company's liability. When you form an S corporation, the company itself isn't taxed. Instead, profits and losses are tallied and taxed after being distributed to shareholders. For this reason, an S corporation is most often chosen by companies incorporating with multiple shareholders, and is considered a good alternative to legal business partnership because it provides tax benefits without the overhead and complexity.
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