Entity Formation

Forming an entity can be a daunting process, but we can assist with making the incorporation process seamless. Our trained professionals can prepare the necessary documents (in most states) to form a variety of entities, including corporations, limited liability companies (LLCs) and partnerships. Whether you choose to prepare the documents yourself or enlist our help, we can assist with your incorporation process from start to finish.

In us, a business entity can be in corporated under different types.

Services offered for Individuals:

• Sole proprietorship.
• Partnership.
• Limited Liability Company.
• Corporation.

Sole proprietorship:

A sole proprietorship, also known as a sole trader, is owned by one person and operates for their benefit. The owner may operate the business alone or with other people. A sole proprietor has unlimited liability for all obligations incurred by the business, whether from operating costs or judgments against the business. All assets of the business belong to a sole proprietor, including, for example, computer infrastructure, any inventory, manufacturing equipment and/or retail fixtures, as well as any real property owned by the business.

Partnership:

A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three most prevalent types of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.

Limited Liability Company:

A Limited Liability Company (LLC) is a combination of the corporate and partnership forms of business. In an LLC parties control shares of the company and like corporations, their liability for the operations of the company is determined by their level of investment. However, like partnerships, income tax is not paid at the LLC level, but rather it is "passed through" and taxed at the shareholder level. This somewhat complicated form of business entity should be discussed further with an attorney or accountant to determine if it will fit your needs.

Corporation:

The owners of a corporation have limited liability and the business has a separate legal personality from its owners. Corporations can be either government-owned or privately owned. They can organize either for profit or as not-for-profit organizations. A privately owned, for-profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff. A privately owned, for-profit corporation can be either privately held by a small group of individuals, or publicly held, with publicly traded shares listed on a stock exchange.

Visiting IRS office:

Providing financial information to our clients in a timely and accurate manner is a commitment that we feel cannot be compromised. Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis. Our firm provides a full range of cost effective accounting services including the following.

• General ledger & financial statement preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Accounting system setup for new businesses Personal financial statements
• Computerized payroll services
• Business tax return preparation (Sales & Use/Business Property)