Choose Your Entity
Okay so you feel comfortable doing everything else but you need help with corporate structure.
You can have the comfort of having professionals do it for you right the first time.
Scroll down to learn more and to purchase.
Determining Your Business Structure
Each State's Filing Fees Charged To Form A Corporation:
State Filing Fee $183 | State Annual Fee $100 (every year) |
Our Fee $87 | Total Fees $270 |
State Filing Fee $250 | State Annual Fee $100 (every 2 years) |
Our Fee $87 | Total Fees $337 |
State Filing Fee $50 | State Annual Fee $0 (report due every year) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $50 | State Annual Fee $150 (every year) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $70 | State Annual Fee $800 (every year) |
Our Fee $87 | Total Fees $157 |
State Filing Fee $50 | State Annual Fee $10 (every year) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $160 | State Annual Fee $20 (every year) |
Our Fee $87 | Total Fees $247 |
State Filing Fee $90 | State Annual Fee $300 (every year) |
Our Fee $87 | Total Fees $177 |
State Filing Fee $125 | State Annual Fee $138.75 (every year) |
Our Fee $87 | Total Fees $212 |
State Filing Fee $100 | State Annual Fee $50 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $50 | State Annual Fee $15 (every year) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $100 | State Annual Fee $0 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $150 | State Annual Fee $75 (every year) |
Our Fee $87 | Total Fees $237 |
State Filing Fee $90 | State Annual Fee $30 (every 2 years) |
Our Fee $87 | Total Fees $177 |
State Filing Fee $50 | State Annual Fee $45 online (every 2 years) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $165 | State Annual Fee $55 (every year) |
Our Fee $87 | Total Fees $252 (every year) |
State Filing Fee $40 | State Annual Fees $15 (every year) |
Our Fee $87 | Total Fees $127 |
State Filing Fee $100 | State Annual Fee $35 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $175 | State Annual Fee $85 (every year) |
Our Fee $87 | Total Fees $162 |
State Filing Fee $100 | State Annual Fee $300 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $500 | State Annual Fee $500 (every year) |
Our Fee $87 | Total Fees $587 |
State Filing Fee $50 | State Annual Fee $25 (every year) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $160 | State Annual Fee $0 (report due every year) |
Our Fee $87 | Total Fees $247 |
State Filing Fee $50 | State Annual Fee $0 (report due every year) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $105 | State Annual Fee $0 (no report) |
Our Fee $87 | Total Fees $192 |
State Filing Fee $70 | State Annual Fee $20 (every year) |
Our Fee $87 | Total Fees $157 |
State Filing Fee $105 | State Annual Fee $10 (every 2 years) |
Our Fee $87 | Total Fees $192 |
State Filing Fee $75 | State Annual Fee $500 ($150 initial, then $350 annually) |
Our Fee $87 | Total Fees $162 |
State Filing Fee $100 | State Annual Fee $100 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $125 | State Annual Fee $53 (every year) |
Our Fee $87 | Total Fees $212 |
State Filing Fee $50 | State Annual Fee $0 (no report) |
Our Fee $87 | Total Fees $137 |
State Filing Fee $200 | State Annual Fee $9 (every 2 years) |
Our Fee $87 | Total Fees $287 |
State Filing Fee $125 | State Annual Fee $200 (every year) |
Our Fee $87 | Total Fees $200 |
State Filing Fee $135 | State Annual Fee $50 (every year) |
Our Fee $87 | Total Fees $222 |
State Filing Fee $99 | State Annual Fee $0 |
Our Fee $87 | Total Fees $186 |
State Filing Fee $100 | State Annual Fee $25 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $100 | State Annual Fee $100 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $125 | State Annual Fee $70 (every 10 years) |
Our Fee $87 | Total Fees $205 |
State Filing Fee $150 | State Annual Fee $50 (every year) |
Our Fee $87 | Total Fees $237 |
State Filing Fee $110 | State Annual Fee $0 |
Our Fee $87 | Total Fees $197 |
State Filing Fee $150 | State Annual Fee $50 (every year) |
Our Fees $87 | Total Fees $237 |
State Filing Fee $300 | State Annual Fee $300 (every year) |
Our Fees $87 | Total Fees $387 |
State Filing Fee $300 | State Annual Fee $0 (report due every year) |
Our Fees $87 | Total Fees $387 |
State Filing Fee $70 | State Annual Fee $15 (every year) |
Our Fee $87 | Total Fees $157 |
State Filing Fee $125 | State Annual Fee $35 (every year) |
Our Fee $87 | Total Fees $212 |
State Filing Fee $100 | State Annual Fee $50 (every year) |
Our Fees $87 | Total Fees $187 |
State Filing Fee $180 | State Annual Fee $81 (every year) |
Our Fee $87 | Total Fees $267 |
State Filing Fee $220 | State Annual Fee $300 (every year) |
Our Fee $87 | Total Fees $307 |
State Filing Fee $100 | State Annual Fee $25 (every year) |
Our Fee $87 | Total Fees $187 |
State Filing Fee $130 | State Annual Fee $25 (every year) |
Our Fee $87 | Total Fees $217 |
State Filing Fee $100 | State Annual Fee $50 (every year) |
Our Fees $87 | Total Fees $187 |
What is the difference between Sole-Proprietor, LLC, LLP, S-Corp and C-Corps
Determining how you are going to be recognized by the state and federal governments is a crucial part of opening and operating a business. Each state has their fees they charge just to be registered. Our fees do not include the fees charged by the Secretary of State of your respected home state.
Sole Proprietor
A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner. You are entitled to all profits and are responsible for all your business’s debts, losses and liabilities.
Advantages of a Sole Proprietorship
- Easy and inexpensive to form: A sole proprietorship is the simplest and least expensive business structure to establish.
- Complete control. Because you are the sole owner of the business, you have complete control over all decisions.
- Easy tax preparation. Your business is not taxed separately, so it’s easy to fulfill the tax reporting requirements for a sole proprietorship.
Disadvantages of a Proprietorship
- Unlimited personal liability. Because there is no legal separation between you and your business, you can be held personally liable for the debts and obligations of the business. This risk extends to any liabilities incurred as a result of employee actions.
- Hard to raise money. Sole proprietors often face challenges when trying to raise money. You cannot sell stock in the business, which limits investor opportunity. Banks are also hesitant to lend to a sole proprietorship because of a perceived additional risk when it comes to repayment if the business fails.
- Heavy burden. The flip side of complete control is the burden and pressure it can impose. You alone are ultimately responsible for the successes and failures of your business.
Limited Liabilities Companies
A limited liability corporation, better known as an LLC, is a business structure that combines pass-through taxation (like in a partnership or sole proprietorship) with the limited liability of a corporation. An LLC is not a corporation—it is a legal form of a company that provides protection and limited liability to its owners. Basically, if a corporation and a sole proprietorship (or partnership) had a baby, they’d name it LLC.
Advantages of a Limited Liability Company
- Taxation: You have the flexibility of being taxed as a sole proprietor, partnership, S corporation or C corporation.
- Business Loans. As a sole proprietor you are almost limited to just your personal credit for funding your business.
- Possible to have partners. You can form an LLC with as little as one person, but you can also have an unlimited number of members.
- Protects your personal assets. Members are protected from some (or sometimes all) liability if the company runs into legal issues or debts.
- Write off your business loses on your personal taxes. Members can receive revenues (and write off forfeitures) that are larger than their individual ownership percentage.
Disadvantages of a Limited Liability Company
- Can’t pay yourself and write it off too. As an LLC member, you cannot pay yourself wages.
- Annual Fees. High renewal fees or publication requirements can be pricey, depending on your state.
- Shared Ownership. Unless you are running the LLC alone, the ownership of the business is spread across its members (this can also be a pro)
S-Corporation
An S Corporation (S Corp) gives out stock and is treated much like a corporation. The owners of the S Corporation are called shareholders and they are protected from liability just as they would be if they had an incorporated business. That means that if something bad happens to the business, the shareholder’s personal bank accounts cannot be tapped.
An S Corporation is not the same as a sole proprietorship, but the two have similarities. Each shareholder is subject to their own tax rates, and there is no “double taxation,” which means that shareholders are not taxed on both the corporate and individual levels.
Advantages of an S-Corporation
- Protected Assets. Your personal assets are protected if you form an S corp. That way, if the company has any issues with taxes or finances, your personal bank accounts and other assets will be protected.
- Pass-through taxation. This means that an S Corp does not pay taxes as though it is a corporation. Instead, any business income or losses are passed through to the shareholders who report this information on their individual taxes. This is good for the early stages of a business when significant losses are more likely.
- Easy to transfer ownership. If you ever decide to give your company to a relative, or sell it to another owner, it is easy to do so as an S Corp.
- Credibility. An S Corp is more credible and comes with more authority than a sole proprietorship or partnership. Some believe that this status is more attractive to employees, clients, investors, and customers.
Disadvantages of an S-Corporation
- Formation. It can be tricky to legally form an S Corp, and the process is a drawback for business owners that are looking for an easy solution.
- Stock restrictions. Because of the liability and pass-through laws, there are a number of stock restrictions that prevent shareholders from immediately striking it rich.
- Tax obligations. If you make a simple mistake with your taxes, it can cause you to lose your S corp status. Additionally, the IRS pays more attention to S Corps to make sure that everything is properly reported. There are a number of tax obligations that can make S Corps tricky.
- Less flexibile. Those who run an S Corp do not have a lot of flexibility when it comes to re-allocating income and loss.
C-Corporation
It’s the most common type of corporation in the U.S. – and with good reason. C Corporations (C Corps) offer unlimited growth potential through the sale of stocks, which means you can attract some very wealthy investors. Plus, there is no limit to the number of shareholders a C Corp can have.
Advantages of a C-Corporation
- Limited liability. This applies to directors, officers, shareholders, and employees.
- Perpetual existence. Even if the owner leaves the company.
- Enhanced credibility. Gain respect among suppliers and lenders.
- Unlimited growth potential. The sky’s the limit thanks to the sale of stock.
- No shareholders limit. However, once the company has $10 million in assets and 500 shareholders, it is required to register with the SEC under the Securities Exchange Act of 1934.
- Certain tax advantages. Enjoy tax-deductible business expenses.
Disadvantages of a C-Corporation
- Double taxation. Revenue is taxed at the company level and again as shareholder dividends.
- Expensive to start. There are a lot of fees that come with filing the Articles of Incorporation. And corporations pay fees to the state in which they operate.
- Regulations and formalities. C Corps experience more government oversight than other companies due to complex tax rules and the protection provided to owners from being responsible for debts, lawsuits, and other financial obligations.
- No deduction of corporate losses. Unlike an S Corporation, shareholders can’t deduct losses on their personal tax returns.
Both C and S Corps offer limited liability protection. Both require Articles of Incorporation to be filed. And both comprise shareholders, directors, and officers. There are lots of similarities, but they differ in the complex realm of taxation and corporate ownership.
As we mentioned above, C Corps are subject to double taxation while S Corps are pass-through tax entities, allowing them to avoid being taxed at the corporate level and again on shareholders’ personal income taxes.
When it comes to corporate ownership, C Corps have no restriction on ownership, which goes back to our point about them having unlimited growth potential. But S Corps don’t have that luxury as they’re restricted to no more than 100 shareholders. Also, S Corps cannot be owned by a C Corp, other S Corps, LLCs, partnerships, or many trusts. But a C Corp has no limits on who or what can be a shareholder.
Not Sure What To Choose?
Let Us Help You
Free appointment to go over all your needs and what you need and what you don’t need
Frequently Asked Questions
Can I request a refund?
We guarantee top notch quality so have a warranty on all services meaning we will continue your work until you are 100% satisfied. Unless poor quality on our part no refund all sales are final.
Is there a finance charge if financing?
Yes we have a finance charge we call this a factoring charge and for every dollar financed in house you must pay that back plus 30 cents. So if you finance $300 the factoring cost would be $90 extra.
Which payment methods do you take?
We accept all major credit cards and e-check.
Any other questions we can answer?
We are happy to help you. Contact us.
Contact us
- Business Hours
Monday – Friday:
10AM to 6PM, MST Toll Free: (833) - (833) 476-9658
support@corporatefundinggroup.com
Suite 200
Lehi, UT 84043