Incorporating a Business

Incorporating a business is a major milestone for any entrepreneur, and the business filing experts at Chapter Group are here to make the process as smooth, affordable and effective as possible. When you choose to incorporate your business with Chapter Group, you’ll receive the tax benefits, liability protection and identity development enjoyed by corporations around the world.

Before incorporating a small business, it’s important to understand the numerous business incorporation packages that Chapter Group offers. Some of our most popular business types include C-Corporations, S-Corporations and Limited Liability Companies (LLCs), though we also offer business filing packages for prospective Limited Liability Partnerships (LLPs), Limited Partnerships (LPs) and Non-profit Corporations (NPs).

A C-Corporation is a commonly utilized corporate entity type that acts as a separate legal entity for the purposes of conducting business. Whether you incorporate your business as a C-Corp, S-Corp or LLC, your business can own property, issue stocks, open a bank account or be sued. As the owner, you’ll retain your own credit history, personal property and bank account assets regardless of your business dealings. However, C-Corporations are unique in that their owners can be double-taxed for both personal finances and business finances.

You’ll also need to consider where you’d like to incorporate your business. The obvious choice is the state in which you currently live, though many of the most profitable companies incorporate in Delaware, where corporate taxation and liability laws are most lenient.

For this reason, many individuals incorporating small businesses choose to file as S-Corporations. With an S-Corp, which is among the most affordable ways of filing for incorporation, you’ll pay income taxes based on your bonuses, dividends and salary as opposed to your business’s income. Liability is limited with S-Corporations because your losses and profits are easily and legally transferred to your shareholders.