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Business Structure

 My LLC

How it's unique

  • Better for max flexibility in how you manage and run your business; board of directors not required

  • Unlimited owners (aka "members") allowed

Protections & taxation

  • You're not personally on the hook for business liabilities

  • Taxed once or twice; you're free to choose which can help minimize taxes

 

Drawbacks to consider

  • Ongoing filings and fees to stay in compliance

  • LLCs can't go public

  • Not recognized globally; you may be taxed as a corporation in other countries

Limited Liability Company  
$79 + filing fees.

 

Ready in about 1 to 2 days

 

Employer Identification

Number (EIN) included

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Available for Download After Filed

Select the Business Structure best for you. LLC and INC is the most popular Business Structure. Everyone must start somewhere

 My INC

How it's unique

  • Best if you plan to go public one day; can issue shares to founders, employees, and investors

  • Unlimited owners (aka "shareholders") allowed

  • Owners may get preferred stock

  • Recognized internationally

  • Preferred by investors

Protections & taxation

  • You're not personally on the hook for business liabilities

  • Taxed twice if it's a C corporation—business pays at the corporate level, and shareholders pay on income received

  • Avoids double taxation if it's an S corporation

 

Drawbacks to consider

  • Ongoing filings and fees to stay in compliance

  • Less management flexibility; must have a board of directors

  • More admin; strict rules about holding meetings and keeping records

Corporation (S or C corp)  
$125 + filing fees.

 

Ready in about 1 to 2 days

 

Employer Identification Number (EIN) included

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Available for Download After Filed

My EIN 

What is a EIN?

 

A federal tax ID (officially known as an Employer Identification Number or EIN) is a unique number assigned to a business or organization by the IRS.

 

A business uses its federal tax ID much like a person uses a Social Security number
 

Who Needs One?

 

The IRS requires most business entities to use a federal tax ID (EIN)—corporations, partnerships, most LLCs, and some sole proprietorships.

 

A federal tax ID offers other benefits, even when it isn't required by the IRS. An Employer Identification Number or EIN can help protect against identity theft, and it's often a prerequisite for opening a business bank account.
 

Employer Identification Number (EIN)

 $49 / no filing fees.

 

Also know as a Tax Id.

 

Ready Same Day (1-2 hours)

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Available for Immediate Download

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