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STEP 1

SHARE ABOUT YOUR BUSINESS

STEP 1

In Order for us to understand your business needs and goals, we need to collect some basic information about your business, later we use these information to fill your legal documents and file them with state agency to get you up and running.

CHOOSE THE RIGHT ENITITY

STEP 2

Legal Doc Firm is here to educate you about each different business structure and the advantageous and disadvantageous of each entity, we help you to find the right one.

A C Corporation is a type of business structure in which the company is a separate legal entity from its owners (shareholders). This means that the corporation can own assets, enter into contracts, and be sued separately from its owners. C Corporations are typically formed for larger businesses that plan to raise capital through the sale of stock, as they offer greater flexibility in terms of ownership and management structure. One key feature of C Corporations is that they are subject to double taxation, meaning that profits are taxed at the corporate level and then again at the individual level when they are distributed to shareholders as dividends

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A sole proprietorship is the simplest business structure where a single person owns and operates the business. There’s no legal distinction between the owner and the business, meaning the owner is personally responsible for all debts, liabilities, and obligations. This structure offers complete control over decision-making and profits, but also exposes the owner to unlimited personal liability. Setting up a sole proprietorship is easy and cost-effective, often requiring minimal paperwork. Taxes are straightforward, as business income is reported on the owner’s personal tax return. However, the lack of liability protection can pose significant risks to the owner’s personal assets.

A non-profit corporation is a type of organization that is formed for a specific charitable, religious, educational, or scientific purpose. Unlike for-profit corporations, non profit corporations are exempt from paying taxes on any profits they generate, as long as those profits are used for the organization's stated purpose. Non-profit corporations are governed by a board of directors and must file annual reports with the state to maintain their tax-exempt status. Non-profit corporations can also apply for federal tax-exempt status under section 501(c) (3) of the Internal Revenue Code, which allows donors to deduct their contributions from their taxes. Non profit corporations play an important role in society by promoting social welfare and advancing public causes.

LLC stands for "Limited Liability Company." An LLC is a type of business structure that combines the flexibility and tax benefits of a partnership or sole proprietorship with the limited liability protection of a corporation. In an LLC, the owners, who are called members, have limited liability protection, which means that their personal assets are generally protected from the business's debts and liabilities. This means that in the event of a lawsuit or other legal issue, the members' personal assets are generally not at risk beyond their investment in the business. LLCs also offer a great deal of flexibility in terms of taxation, as the business's profits and losses can be passed through to the members, who then report them on their personal tax returns. This means that the business is not subject to double taxation, as is the case with corporations. LLCs are relatively simple and inexpensive to form, and they are a popular choice for small businesses and startups. However, the specific rules and regulations governing LLCs vary by state, so it is important to consult with a legal or financial professional to determine if an LLC is the right business structure for your specific needs.

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An S Corporation (S Corp) is a type of corporation that meets specific Internal Revenue Code requirements. S Corps are designed to avoid double taxation on the corporate income. Instead, the income, losses, deductions, and credits pass through to shareholders, who report these on their personal tax returns. To qualify, an S Corp must be a domestic corporation, have no more than 100 shareholders, include only eligible shareholders (such as individuals, certain trusts, and estates), and have only one class of stock. This setup allows for limited liability protection while avoiding the complexity and potential tax burden of a traditional corporation.

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STEP 3

Get an appointment, and lets talk

in our first meeting, we will go over your goals, your needs and how we can empower your business.

weather its entity formation, marketing and growing your business or business finance to save you money and protect your assets, we got your back !!

You can CHAT with us to make an appointment directly by clicking here

You can also fill out the form below, and our representative will promptly reach out to arrange a face-to-face meeting with our team of experts.

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Jorge Martinez

As a landscaper, forming a corporation seemed daunting. But with your expert help, I was able to protect my personal assets while giving my business a more professional edge. Thanks to the clear guidance and support, my business has grown significantly, and I've been able to focus on expanding my services without worrying about legal risks. - John Doe, Owner of GreenScapes Landscaping