WITH EASE AND SUPPORT

Establish your Corporation

C-Corporation

A C-Corp is a legal entity that is separate from its owners, known as shareholders. This separation provides the shareholders with limited liability protection, much like an LLC. However, one of the key differences lies in taxation. C-Corps are subject to corporate income tax; they pay taxes on their profits at the corporate level, and then shareholders also pay taxes on any dividends received, leading to what is known as “double taxation.” This structure is more common among larger companies or those seeking to raise capital through public stock offerings.

 

S-Corporation

An S-Corp is a special designation that allows corporations to avoid double taxation. To qualify, the corporation must meet specific Internal Revenue Service (IRS) criteria, such as having no more than 100 shareholders and only one class of stock. Unlike C-Corps, S-Corps are “pass-through” entities for tax purposes. This means that profits and losses are reported on the individual tax returns of the shareholders, similar to an LLC.

3 reasons for creating a Corp entity with Set My Business:

rocket

Seamless Start

Initiate your business journey by simply requesting a quote through our platform. Once you submit your request, we promptly get in touch, provide a tailored quote, and upon approval, the process begins. We offer you a dedicated client space for tracking your services and requesting additional support. Start with a click, and let us handle the complexities, offering you a seamless experience from initial consultation to ongoing management

cooperation

Business Setup

Our team expertly manages the structuring of your American business and/or implements your requested solutions, presenting everything to you within just 2-3 days. This swift and efficient approach ensures that your business setup or specific service requests are handled with the utmost care and professionalism. From initial consultation to final implementation, we provide a seamless and hassle-free experience.

partnership

Strategic Partnership

Once you become a client, we commit to being your strategic partner and to look after your company. Our customer service allows you to contact us directly by phone or email. We are here to support you and ensure the well-being of your business. Your personal access to your client space is designed to give you full control over all the solutions implemented with us. Plus, we proactively anticipate your needs for success

Ready to get an Corporation?

Questions we are frequently asked

The main difference lies in taxation and ownership structure. C-Corps face double taxation, with the corporation paying corporate income tax and shareholders paying personal income tax on dividends. They have unlimited shareholders and flexibility in stock classes. In contrast, S-Corps are pass-through entities, avoiding corporate income tax, but have ownership restrictions, limited to 100 U.S. citizen/resident shareholders with one stock class. S-Corps allocate profits based on ownership, while C-Corps offer more flexibility. If you are not sure which one would match your needs, we can of course help you choose!

C-Corps are ideal for businesses that plan to reinvest their profits back into the company, seek to raise capital through public stock offerings, or anticipate going public in the future.

S-Corps are pass-through entities: unlike a C-Corp, an S-Corp itself does not pay federal income tax. Instead, its income, deductions, and credits pass through to shareholders, who report them on their individual tax returns. This avoids double taxation at the corporate and individual levels, commonly associated with C-Corps.

No, one of the limitations of an S-Corp is that it can only have one class of stock. This restriction is in place to maintain its pass-through taxation status.

S-Corps are limited to 100 shareholders, and all shareholders must be U.S. citizens or resident aliens. This is in contrast to C-Corps, which have no restrictions on the number or nationality of shareholders.

Set My Business provides assistance every step of the way. Our services include handling all necessary filings, managing legal paperwork, and ensuring strict compliance with state-specific regulations. What sets us apart is our commitment to offering expert guidance, streamlined processes, and personalized service. Experience the ease of navigating through the formation process with our dedicated support.

Yes, both C-Corps and S-Corps have ongoing compliance requirements such as annual reports, shareholder meetings, and maintaining corporate records. Set My Business can assist in managing these obligations to ensure continued legal compliance

Set My Business offers a primary package for a Corporate formation, tailored to meet a variety of business needs: The Standard Package encompasses all the essential aspects of setting up an LLC, including state filing, paperwork processing, obtaining an Employer Identification Number (EIN) in certain states, and meeting the mandatory disclosure requirements for beneficial owners. This package is ideal for entrepreneurs seeking a comprehensive and straightforward service for establishing their LLC. It’s important to note that the costs associated with forming an LLC can vary, but you should generally expect to spend around $700 to $800 to cover all the necessary fees. Beyond this package, clients also have the opportunity to customize their experience through our free online platform. Here, they can choose specific services and options based on their individual needs, ensuring a personalized and cost-effective solution for their Corp formation needs. Feel free to create a free account to access detailed information on our pricing.