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“Nicholas was able to provide me with great advice on going forward with an offer for employment. Fingers crossed. :)”
– Business client, January 2016
Avvo Legal Services makes business formation simple and secure. We help you start and run the business you’ve always wanted.
There are 3 typical ways to incorporate your business: LLC, S corp, and C corp. Incorporating your business is a good idea no matter how you do it because it gives you credibility and structure. Deciding what’s best for your business depends on a lot of factors, but commonly comes down to tax structures.
Starting an LLC or Limited Liability Company is most commonly known for having a flexible, uncomplicated business structure. There are several advantages that sound appealing for starting an LLC instead of a corporation. You don’t need to file a corporate tax return, owners don’t need to be U.S. citizens or permanent residents, and owners have limited accountability for business debts and obligations. One of the biggest downsides though is that growth is limited.
Forming an S corporation avoids any double taxation of your income and allows you to bring on investors. A C corporation has unlimited growth potential with no capacity on the number of shareholders. You also get tax-deductible business expenses with a C corp.
Set yourself up for a better future by having a lawyer handle your business formation. With Avvo Legal Services, you pick the lawyer and pay upfront, allowing you and your lawyer to focus on the work and not the cost. From beginning to end, your lawyer will guide you through the process, help you make important legal decisions, and file paperwork on your behalf. You can also select individual services that are needed when starting a business, like creating a partnership agreement or operating agreement.