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Entrepreneurs who want to start their own companies are often stymied by
the myriad of options available to them.

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Determine the Right Corporate Structure

Entrepreneurs who want to start their own companies are often stymied by the myriad options available to them. Do you need an S corporation, C corporation, an LLC, a sole proprietorship, or even a nonprofit 501(c)(3)? What state should you file it in? Should you file it where you live or in a more tax-friendly, corporate-friendly state?

There are certain benefits to incorporating, like protecting your personal assets from possible legal action. If you were ever on the losing end of a lawsuit or legal judgment, your corporation is the buffer between you and the courts. You’re not at risk of losing your personal property with the Articles of Incorporation protecting you.

The staff at Suncoves Business Services can help you decide which business entity filing you need, and can then file the articles of incorporation, and provide the necessary services to get you up and running. We can also help you obtain your company employer identification number (EIN) and assist with opening a corporate bank account.

Choose Your Business Type

S Corporation

$7900
  • File Now
  • 24/7 Support
  • Available for additional fee
  • Tax ID Application
  • Structure Consulting
  • Assistance with Bank Account Opening
  • *Plus Relevant State Filing Fees

C Corporation

$7900
  • File Now
  • 24/7 Support
  • Available for additional fee
  • Tax ID Application
  • Structure Consulting
  • Assistance with Bank Account Opening
  • *Plus Relevant State Filing Fees

Limited Liability (LLC)

$8900
  • File Now
  • 24/7 Support
  • Available for additional fee
  • Tax ID Application
  • Structure Consulting
  • Assistance with Bank Account Opening
  • *Plus Relevant State Filing Fees

Nonprofit Corporation

$7900
  • File Now
  • 24/7 Support
  • Available for additional fee
  • Tax ID Application
  • Structure Consulting
  • Assistance with Bank Account Opening
  • *Plus Relevant State Filing Fees

Fictitious Name (DBA)

$6900
  • File Now
  • 24/7 Support
  • Available for additional fee
  • Tax ID Application
  • Structure Consulting
  • Assistance with Bank Account Opening
  • *Plus Relevant State Filing Fees

Professional Corporation (PA)

$7900
  • File Now
  • 24/7 Support
  • Available for additional fee
  • Tax ID Application
  • Structure Consulting
  • Assistance with Bank Account Opening
  • *Plus Relevant State Filing Fees

How Can We Help?

Why Should I Incorporate?

Incorporating a business can help you in a number of ways. For one thing, you can do business with other businesses that only want to serve businesses.

Or put another way, some businesses don’t want to — or can’t — sell to “individuals.” That is, the average person can’t just walk in and buy things from, say, restaurant supply companies or wholesalers. They only want to work with other businesses, and they’ll often ask for proof of your incorporation and your tax ID before they even open an account for you. The same is true for banks: they won’t open business accounts unless you have those same documents.

More importantly, incorporating helps protects your assets if you’re ever involved in a lawsuit or government action. If you were to secure your business using your personal assets, such as your car and home, and they were then the subject of a lawsuit, the courts could go after your home, car, and other personal items to pay off the suit. But by incorporating, only the business’ assets are at risk. You may lose your entire business and all its equipment and inventory, but you won’t lose your house.

You can also qualify for business loans, often more easily than you can a personal loan. Even if you were running your business out of your garage, you can still get a business loan, as long as you’re incorporated. Let’s say there was a small piece of production equipment you need to buy, like a milling machine or commercial 3D printer. You’re more likely to get a business loan for the equipment than you would a personal loan for the same thing. Plus, this loan won’t affect your personal credit.

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FAQ

There are a few reasons:

  1. It protects your assets if you’re ever sued.
  2. It gives you access to lines of business credit you could never get as an individual.
  3. There are certain tax breaks for your expenses, depending on the kind of incorporation you choose.
  4. It’s easier to separate ownership of a business between you and your partners.

Yes, of course. If you’re incorporating the company, you’re probably automatically the director. The original articles of incorporation usually name the original directors, and the articles can also stipulate the qualifications a person must meet in order to be a director.

More than half of publicly traded U.S. companies are incorporated in Delaware. Companies that are incorporated in Delaware don’t have to pay state sales tax for certain types of revenue. Also, if you want to do business with the American government or certain corporations, you need to be incorporated in the U.S.

Yes, we can provide that function. A registered agent is a person or company that has the authority to accept “service of process” on behalf of a business. Service of process documents include correspondence from state and federal governments, subpoenas for information, notices of lawsuits, tax notices, and corporate filing notifications.

It should only take a few days to fully process your information, file the necessary forms, and officially incorporate your company with the appropriate government entities.

Not necessarily. You’ll want to have a bank that’s available where you live and/or do most of your business, so a large bank with offices all over the country will be helpful. Also, you’ll need to take your articles of incorporation into your bank to set up your account.

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