Start your company.Our office files it for you.
Pick your entity and state, see the estimated fees as you go, and send the request. Our office confirms the details, files with the state and gets your EIN.
A few questions, then our suggestion
What are you setting up?
Do you plan to raise money from outside investors?
For example, selling shares to angel investors or venture capital funds.
How many owners will the company have?
Will the company mainly hold rental property?
For example, buying houses or apartments to rent out.
Are all owners U.S. citizens or U.S. tax residents?
Tax residents include green card holders and people who live in the U.S. long enough to count as residents for tax purposes. This decides whether an S corporation is possible.
Will any owner be a company instead of a person?
For example, another LLC or corporation owning part of this one.
Once the business is running, what yearly profit do you expect after expenses?
What do these terms mean?
LLC: the most common choice for small businesses. Profits pass through to the owners’ personal returns by default.
Corporation: owned by shareholders, with directors and officers. Taxed as a C corporation unless it elects S.
S corporation: a tax election, not a separate company type. An LLC or a corporation can file Form 2553 to be taxed as an S corporation, which can lower self-employment tax once profits are steady.
Nonprofit corporation: formed with the state first. 501(c)(3) tax exemption is a separate IRS application.
A starting point, not legal or tax advice. Orkun Ozkaymak, CPA, MBA reviews your structure and any tax election with you before anything is filed.