Online Incorporation MaxBlog

Yes, MaxFilings has gone ahead and taken the plunge. We know that plenty of people starting a company would love to take advantage of registered agent service but often forego it just because of cost.

So, we’re now offering registered agent service FREE with our MAX business formation package!

The MAX package is a great value, as it includes several components entrepreneurs will find very useful for getting a business up and running quickly and economically. It’s the most comprehensive business formation service offered by MaxFilings. It includes a preliminary name check, expedited priority processing, a kit and seal with sample forms, business forms on CD, obtainment of a Federal Tax Identification Number (EIN), along with preparation and filing of articles of incorporation in any if the 50 states or the District of Columbia.

See the official press release

See the business formation packages and costs

It has been documented on this incorporation blog and in the Knowledge Center at MaxFilings that an operating agreement, while not required in many states, is necessary for even solely owned/operated limited liability companies.

Creating an operating agreement for a LLC can be more time-consuming than for a corporation since state laws governing an LLC are much more flexible. Many of the issues the operating agreement addresses are already detailed in law for corporations.

Therefore, it is important to know what should be included when meeting with your attorney to draft an operating agreement for your LLC. In general, an operating agreement needs to include ownership percentages, management, voting, allocation of profits/losses, distribution, members’ rights/responsibilities, ownership changes, and amendments/dissolution.

Be aware of the elements needed in any operating agreement when forming your LLC with MaxFilings online incorporation center. LLC Operating Agreement - What Should be Included? addresses the general elements needed for an LLC Operating Agreement.

If you’re incorporating your business, chances are you’ve heard you will need "articles of incorporation". Though it may sound like a complicated set of documents, it is actually the initial document that sets forth the information about a corporation that is required by the laws of the state in which you are forming your corporation.

Articles of incorporation are sometimes also called the certificate of incorporation or charter - in fact, these 3 terms are often used interchangeably. Bear in mind that some of that information will be included in the public record.

So, if you are forming a corporation in California for example, you’ll need to submit the information required for California articles of incorporation. Here you can learn more about the specifics for incorporating in California , including articles of incorporation.

MaxFilings now has available the Business Forms CD, which contains over 50 customizable forms that virtually every business needs. Now, whether you are starting a new business or trying to instill more administrative order in your current one, having easy access to a wide variety of business forms will be a tremendous convenience.

The CD includes 26 common business forms that provide an outline for hiring employess, collecting payments, and other common legal documents used in business such as a contractor agreement and power of attorney.

All forms are formatted in Microsoft Word and can easily be manipulated specifically for your business.

The Business Forms CD also includes 24 additional forms specific to corporations such as a proxy, stock purchase agreement, and certificate of corporate vote to name a few.

Along with online incorporation and business services, the Business Forms CD available now at MaxFilings is an additional tool in helping you effectively manage your company.

Deciding on the entity type for your newly formed business is a time-consuming task. Researching the pros and cons of each business entity can involve hours of Internet searches and consulting with attorneys and accountants. To find a simple comparison of common business entities available, check out this simple chart found at the online incorporation Knowledge Center at MaxFilings.

The entity comparison chart provides side-by-side comparisons of sole proprietorships, limited partnerships, C corporations, S Corporations, and Limited Liability Companies. Each of these entities is compared and contrasted according to different situations, such as transfer of ownership, management decisions, and the raising of capital. In addition, the Knowledge Center at MaxFilings provides more detailed information on each type of business entity to aid in your decision.

The business entity comparison chart is only an informational resource. You should always consult with a professional before making any final decisions. Once an entity type has been decided, incorporate your business online at your convenience at MaxFilings online incorporation service.

Hiring a Registered Agent for your Limited Liability Company (LLC), S, or C-Corporation just got easier at MaxFilings with new online ordering. In addition to the convenience of incorporating your business online, with no obligation and at your leisure, you can now have the same convenience when ordering professional Registered Agent services.

A Registered Agent is someone designated by the company to receive and forward any legal and tax documents from the state, and a registered agent is required for any incorporated business. Drawbacks do exist to businesses serving as their own registered agents, so it is often in a company’s best interests to work with a professional registered agent service such as that offered by MaxFilings.

After incorporating your business online with MaxFilings, professional Registered Agent services in only a few clicks. Our registered agents have long-standing relationships with Secretaries of State across the nation, guaranteeing timeliness, privacy, and convenience in processing your legal documents.

MaxFilings is pleased to announce online ordering of Kit, Seal & Sample Forms for Limited Liability Companies (LLCs), non-profit, and profit corporations as well as professional LLCs and professional corporations.

In addition to convenient online business incorporation, with no obligation and at your leisure, you now have the same convenience when ordering Kit, Seal & Sample forms for your company.

MaxFilings Corporate and LLC Kit, Seal & Sample forms contain sample documents that assist business owners in complying with state rules. These include annual meeting minutes, corporate by-laws, customized agreements for shareholders, and plans for election of officers and directors, to name a few.

And while rules for LLCs are not as strict as they are for corporations, they are advised to maintain accurate records and hold periodic meetings. Certificates must be issued to LLC members and a record of the owners must be maintained.

Kit, Seal & Sample form kits available online at MaxFilings are very affordable, with pricing starting at $80. To view more information and pricing options, select a specific product and click “order/view pricing”:

Kit, Seal & Sample Forms - Corporation
Kit, Seal & Sample Forms - LLC
Kit, Seal & Sample Forms - Nonprofit Corporation
Kit, Seal & Sample Forms - Professional LLC
Kit, Seal & Sample Forms - Professional Corporations

You’ve made that important step of deciding to incorporate your business. Now, which state will you incorporate in?

This is an important question with several factors to consider. Some states have excellent business climates, few regulations, low taxes and incorporation fees. But this is not the only thing to think about - incorporating in a business-friendly state may indeed end up costing you more in the end.

If the corporation is small and mainly doing business in one state, it’s advisable that you incorporate in that state since you will have to qualify as a foreign corporation otherwise. While the fees, regulations, and taxes may be much better in another state, you will still be subject to taxes in both the state of incorporation and your home state. If the corporation is larger and will operate in multiple states, then the question becomes more complex. You should always consult with a tax professional before making any final decisions.

For more information on this important question, check out Which State should I incorporate in? in addition to other information resources on this subject contained in the MaxFilings Online Incorporation Knowledge Center.

Every corporation, whether a C Corporation, Limited Liability Company, and even non-profit corporations are required to have a Registered Agent in the state of incorporation. A Registered Agent is someone designated by the company to receive and forward any legal and tax documents from the state.

It is not a good idea for businesses to serve as their own Registered Agent. Hiring a third party to serve as a Registered Agent has many benefits for the business owner, which include:

• Allows flexibility with hours and logistics since the Registered Agent must available during normal business hours at a physical location.
• Protects your privacy from customers, vendors, clients, and neighbors since legal documents will not be served at your place of business.

Aside from easy online business formation and filing services, MaxFilings offers full Registered Agent services with long-standing relationships with the Secretaries of State across the nation, guaranteeing timeliness in processing your legal documents.

Determining the best corporate status for your business has many considerations. When thinking about self-employment taxes however, forming an S corporation offers a clear-cut benefit over forming an LLC. This tax applies for such things as Social Security and Medicare, much like the payroll tax deducted from ones paycheck.

In an S Corporation, an individual shareholder only pays tax on salaries and bonuses they receive from the company. On the other hand, a shareholder in an LLC pays on both salaries/bonuses and their share of profit in the company, which can amount to more than 15% of taxable income.

“Can S Corporation Status Reduce Self-Employment Taxes?” in MaxFilings’ Knowledge Center addresses this issue and raises other important considerations you must be aware of.