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General Company Formation Questions
Other Questions
Questions about our Service/Company
To begin, decide what type of entity you want to form, a DBA, S-Corp, C-Corp, or LLC, and then pick the host state where you will file the company name. Once you make that decision, we will help you meet the specific requirements for that state. back to top - see services page - see advantages page
How do I know which type of entity is best for me? Consult with an attorney or accountant. They look at your individual situation and goals and help you to decide the entity that fits those needs. Once you choose the right entity, we will provide you with the proper paperwork for your state’s requirements. back to top - see services page - see advantages page
What is the difference between a Corporation and LLC? They both provide liability protection; however, they differ in benefits, operation and formalities. Most of these differences are related to federal tax liabilities. A corporation is also allowed to sell stock, which a LLC cannot do. However, if you form an LLC now and want to change it over to a C Corporation or S Corporation in the future, we can do that for you. back to top - see services page - see advantages page
The name must be unique and not resemble another registered entity. Some states require an identifier in the name, such as Incorporated, Corporation, Company, or Limited. When you complete our client questionnaire, we ask that you submit 3 names in the order of your preference. If your first name choice is unavailable, then the next name on the list will be submitted, and so on. back to top - see services page - see advantages page
What is the amount of startup capital required to form an entity? The filing fees are the only capital required by the state to form your business entity. back to top - see services page - see advantages page
How long will it be before the formation of my entity is complete? This depends on the state offices and their ability to process the forms. On our end, the turnaround time is roughly 3 days. Unfortunately on their end, the time can fluctuate a lot. It is best to call and ask your state offices. back to top - see services page - see advantages page
How
do I know which state is best for my entity? back to top - see services page - see advantages page
Why is Delaware such a popular destination for company formation? Amongst many others, Delaware offers the following advantages:
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If I form my company in Delaware, can I do business in other states? You can do business anywhere, even internationally, as long as your activities abide by the laws of each place. back to top - see services page - see advantages page
This person resides in the company’s home state (where the business entity is registered) and has an address there. The agent is the main contact person for the company’s dealings with state tax and legal matters. The Registered Agent may be the company’s owner or a person assigned to handle that job. back to top - see services page - see advantages page
Do I need a new bank account and/or tax ID? Yes, it is essential that you separate your personal and other business’s information from your new entity. If you don’t separate them, you risk compromising the liability protection provided by your entity. back to top - see services page - see advantages page
How many people are needed to incorporate? (Corp.) There should be at least one director for a corporation and two for an LLC, however, this requirement may vary among the states. back to top - see services page - see advantages page
What are the "Articles of Incorporation"? This is a summary or definition of your company and your business practices. back to top - see services page - see advantages page
What is the difference between members and managers. (LLC) Members are the founders of the company and managers are the people hired to operate the company. back to top - see services page - see advantages page
What is the expected turnaround time on the forms? From the time we receive the payment and completed questionnaire, it takes 2-3 business days (sometimes even less) for us to process the forms and send them back to you. back to top - see services page - see advantages page
Will you be filing the forms for me? We provide you with everything you need to file the forms yourself. All you have to do is mail them. This keeps your cost to a minimum. back to top - see services page - see advantages page
Does your service include the state filing fee? No. You pay that fee when you file the forms. back to top - see services page - see advantages page
We use the information from your questionnaire to prepare the proper forms and provide you with specific instructions for filing them in your state. back to top - see services page - see advantages page
How does the Money Back Guarantee work? We proudly offer the simplest and most reliable money back guarantee in the industry. If you experience trouble filing your forms due to paperwork problems caused by us and we fail to make the necessary corrections/adjustments, you will get your money back. back to top - see services page - see advantages page
About our Client Support System:
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Please note that the information on this page and any other pages on this domain is provided under the agreement that you understand we are not a law firm. Therefore, we do not give legal or financial advice as it would be unlawful for us to do so. The information you receive on our site or through our customer support is common knowledge in the field of form preparation for company formation. We will gladly share this information with you as you can see on this page as long as you consent to the said agreement.
Bottom Line: If you need legal advice, consult an authorized legal professional. We can not tell you "what's best for you or what you should do". But once you have that figured out, we can tell you how to do it and provide you with the services and support necessary.
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