Can You Change Your Sole Proprietorship to a Corporation?

Can you change your sole proprietorship to a corporation? As your business grows, you may choose to change its legal structure from a sole proprietorship to a corporation. This change offers many advantages, including limited liability and increased flexibility for financing and tax planning. Read more on quickbooks.intuit.com You may convert your sole proprietorship into … Read more

How to LLC a Business Name: A Complete Guide

How do you LLC a business name? Typically, your business’s name must end with the words “”Limited Liability Company,”” company”” or “”Limited.”” Or you can use abbreviations like “”LLC,”” “”L.L.C.,”” or “”Ltd.”” Usually, you can even opt to abbreviate the words “”Limited”” and “”Company”” as “”Ltd.”” and “”Co.”” (Most people just stick with “”LLC””.) Read … Read more

Incorporating Your Business: What You Need to Know

What should I know about incorporating? 5 Things You Need to Know Before Incorporating a Business Your Business Name. Rules about business names vary from state to state, but most include these general guidelines: Your Business Address. Names of Decision-Makers. Names of Business Owners. Physical Address in State of Formation. Read more on www.legalzoom.com Small … Read more

How Long Does It Take to Create an S Corp?

How long does it take to create an S corp? For a New Business. A corporation or LLC must file an S-Corp election within two months and 15 days (~75 days total) of the date of formation for the election to take effect in the first tax year. Read more on www.harborcompliance.com Small business owners … Read more

Incorporating Federally or Provincially: Which is Cheaper?

Is it cheaper to incorporate federally or provincially? Federal incorporation is slightly cheaper than provincial incorporation due to the lower government filing fees, however, a federal corporation is also required to extra-provincially register (and carry out annual maintenance) in any province in which it carries on business. Read more on allincorporated.ca Choosing whether to incorporate … Read more

Incorporating Your Business in PA: A Comprehensive Guide

How do I incorporate my business in PA? How to Form a Corporation in Pennsylvania Choose a Corporate Name. File Articles of Incorporation. Appoint a Registered Agent. Prepare Corporate Bylaws. Appoint Directors and Hold First Board Meeting. Issue Stock. Obtain an EIN. Read more on www.nolo.com Incorporating your business is a crucial step in creating … Read more