Does Incorporating Your Business Save on Taxes?

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Entrepreneurs choose to incorporate their business for many different reasons.  Some of these reasons include: increasing the credibility of your business, protecting your personal assets and identity, as well as saving money on taxes. With the 2015 tax season coming to a close, this last item likely hits home for many new businessmen and women… Below are some examples of tax advantages that can result due to incorporation. Research what’s best for your business. Deciding how you want to … [Read more...]

The Pros and Cons of Incorporating as an S Corporation

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Perhaps you have finally given into your entrepreneurial spirit and are ready to start your own business. How exciting! If you haven’t already, you will soon hear all the talk about different ways to incorporate your business. For instance, should you do an LLC or C corporation?  An S corporation is another option, and below are pros and cons to consider about this type of incorporation. PROS Your personal assets are protected.  A shareholder is not personally responsible for the … [Read more...]

Should Your Small Business be an LLC?

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If you are interested in starting up a small business, you may want to consider applying for a Limited Liability Company status. Forming an LLC can provide a multitude of benefits to its owners, otherwise known as members, such as legal protection, ease of operational procedures and flexible profit distribution. The U.S. Small Business Administration outlines the following benefits of an LLC: Limited Liability. When you sign-up for an LLC, the individuals who become the members (owners) … [Read more...]

How to Amend Your Company’s Articles of Incorporation

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Discussing your business’s articles of incorporation sounds like something very prestigious and technical.  However, for once, these documents actually aren’t as difficult as they seem, but they do serve an important foundational role in your business.  Every now and then though, life throws a curveball and circumstances change, forcing you to readjust your plan.  You may even need to amend your articles of incorporation. Your business’s articles of incorporation explain why, and for what … [Read more...]

MaxFilings Small Business and Economy Roundup – January 2015

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Starting this month, we’re trying out something new here at MaxFilings and Incorporation-e. Just a quick browse around the Internet about business and economic news yields literally thousands, if not millions of results.  It can be daunting to sift through all that information to find things that are useful or interesting to you. Below is a compilation of stories we spotted recently that we want to share with you. We’ve broken everything down in sections, and provide a quick rundown of … [Read more...]