Forming an Incorporation

Most companies begin with a dream. Founding members are either struck by the realization that creating a business is what they truly want to do, or they spot a niche in the market where the demand is higher than the supply, or where no supply yet exists. These forward thinkers envision providing goods and services that make the world faster, smoother, and smaller. Unfortunately, they often run into stumbling blocks: they either can't raise funds or -- even worse -- they lose everything after being held financially liable for the actions of their company or companies.

Forming a corporation is the best way to avoid these two scenarios. In essence, corporation forming is tantamount to creating a fictional person, with many of the same rights as a natural person. For instance, a corporation can own property and sign contracts. (There are, of course, certain features not granted to a corporation, which include the right to vote).

But the real beauty of a corporation is that this fictional person whom you create assumes financial responsibility should any setback -- a lawsuit or other financial burden -- occur to your company. Also, the personal wealth of any principal or member of the corporation is completely untouchable, so that only the money that is invested in the corporation itself can be lost.

By incorporating your business with Incorporate Fast, you and anyone else who decides to invest in your company can be sure of complete personal financial security.

Laws regarding incorporation are different in every state, with some giving bonuses to certain types of business (such as Delaware, with its credit card companies), while others offer limited or no corporate taxation. With Incorporate Fast, however, you can incorporate your business in whichever state you choose, all in less than 10 minutes.

Incorporate Fast offers two attractive choices. First, the business owners can use the popular C-Corp model, which allows you to offer stock to attract investors, while significantly beefing up your financial security. The other option is the S-Corp. Because of some state's laws regarding corporations, forming a C-Corp in certain states can mean that company income is taxed twice, first as corporate income, and second as investor dividends. S-Corps do not get charged income tax, but the type and number of investors is limited. (It should be noted here that forming an S-Corp is not a worthwhile endeavor in states where there is no corporate income tax).

Incorporate Fast can also help you to form a Limited Liability Company (often called, incorrectly, a Limited Liability Corporation). An LLC is a way for you to maintain control of your company, while still enjoying the limited financial liability of a corporation. LLC's are not bound by any laws to form boards, sell stock, or in any way diminish the power of the founding members of the company.

And again, Incorporate Fast lets you choose which state to form an LLC in, depending on which one will be best for your company.

So for all those dreamers out there, Incorporate Fast can help take your business to the next level, by helping you form an LLC or corporation in less than 10 minutes. Don't delay, Let Incorporate Fast help you encourage investing and increase your personal financial security today!