Form A Corporation Today
We will form your corporation to fit your needs and make sure all of the details are taken care of.
Why Form Your Corporation With Anderson?
Corporations have been the go-to business entity for years, but that does not mean creating them is a one-size-fits-all approach. Although it is true that anyone can go online to file a corporation and obtain the employer identification number (EIN) for you, is using “anyone” your best option? That is like saying that because you have the money to do so, you can purchase a plane and fly it. Just because “anyone” can set up a corporation does not mean they should or, more importantly, that you should let them. There are many factors to consider in regards to a c-corporation formation, for instance, and it is best to deal with an expert who can tailor your corporate structure to your particular situation and ensure the appropriate tax election (c- or s-corporation) is made to help you achieve your financial goals.
Experience You Can Trust
Whether you are a real estate investor, small business owner, stock market investor, or work in a more specialized field, such as private lending for instance, our advisors understand your individual needs and can help you reach your goals. Our business and tax planning teams work with people like you every day and are experts in helping our clients achieve their financial goals. Let our experts take the burdens of structure and efficiency off of your shoulders, freeing you up to focus instead on building your business.
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Fill out the form for a free Strategy Session with one of our Advisors.THE ANDERSON ADVANTAGE
Preserve
Individualized tax planning to help you keep as much of your money in your pocket as possible.
Protect
Asset protection strategies and solutions to shield your assets and limit personal liability.
Prosper
Retirement and financial planning and wealth management strategies to maximize what you already have.
What You Can Expect When Forming a Corporation with Anderson
Every client receives a private business structuring Strategy Session with an experienced advisor. We aren’t going to force anything on you that you don’t want or that you are not ready for.
Once you and your advisor decide that a corporation is right for you, we ask that you complete a questionnaire to provide us with a little information. What would you like to name your corporation? Who will be acting as the shareholders, directors, and officers? Your advisor answers most of the “tough questions,” such as the tax status and what state it will be filed in.
We then prepare your articles of incorporation and submit them to the state. After it has filed, we obtain your EIN from the IRS and prepare any additional election forms, for example if you are forming an S-Corporation, as needed. Once we have the filed articles and an EIN, we will draft your documents to suit your specific needs and business type. Your corporate by-laws, supplemental documents, and your filed articles will be sent you to in a binder to keep you organized and ensure you have everything you will need.
An advisor will follow up with you once you have received and reviewed your documents. They will answer any questions you have and ensure you take all the necessary next steps, such as setting up a bank account.
With your Platinum Membership, you have unlimited access to our advisors to answer any questions that arise while running your corporation.
Learn More About Corporation Formation
Anderson Advisors FAQ
What is a C Corporation?
A C Corporation is a completely separate tax and legal entity from its owners, and owners who work in the business are treated and taxed as employees of the corporation (Note: The “C” in C Corporation refers to a subchapter of the tax code; C corporations are one of the most common forms of corporations, and they are frequently referred to generically as corporations). C Corporations are subject to corporate income taxes separate from the owners, where most other forms of business entity allow for the company profits to “pass-through” to the personal income tax statements of the owners. As such, C Corporations are the most formal business entity and they have greater tax reporting responsibilities than other business entities. C Corporations allow for profits to be retained in the business if desired, and frequently these profits can be taxed at a lower rate than personal income. C Corporations can also pay out after tax profits to its owners in the form of dividends, but this can also lead to double taxation.
What are the differences between officers, directors and shareholders?
A corporation consists of all three: officers, directors and shareholders.• Shareholders are the owners of the corporation and elect the directors.
• Directors guide and are involved in the fundamental decisions of the corporation on behalf of the shareholders.
• Officers are selected by the directors and run the day-to-day operations of the corporation.These do not need to be separate people. Any person can fill all three positions. In small businesses, one person can be the only shareholder, the only director, and the only officer.
How is a C-Corporation taxed?
Unlike many other business entities in which the profits pass through to the owners’ personal tax return (e.g. LLCs, S Corporations, etc.), the C Corporation is a completely separate taxable entity. The C Corporation pays federal taxes on the net profits (after all expenses, including salaries and bonuses) of the business by filling the 1120 form with the IRS. The after-tax profits can be paid out to the owners (shareholders) in the form of dividends, or retained for reinvestment of the business. The first $50,000 of net income is only federally taxed at 15% rate, and the next $25,000 is taxed at a 25% rate. Different states have different rules on how they tax corporations.
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