Formation of C Corp
Starting your business or expanding it is an important decision. Among all such decisions, the first and most important is about the form of the entity. You can choose from various options like a corporation, a single-member LLC, a multi-member LLC (as a partnership). Every form has its advantages.
C corporation is one of the various forms of entities. The basic concept of a corporation is: it is a legal form of entity that is separate from its owners and thus has limited liability and separate existence. The owners are known as shareholders, while the BODs (Board of Directors) govern the working of the corporation.
We understand that the process of forming and setting up a C Corp can be very tedious and mentally tiring. Therefore, we are there with you from the very first step.
Setting up the C Corp and Maintaining the Status
Why start a corporation?
Each form of entity has its benefits. By looking at the benefits of setting up a corporation, you will get enough reasons to go a step ahead.
If you wish to discuss it in detail, book a consulting call right now.
Transferability of ownership: A corporation has a unique feature of issuing its stock. It means that the right to own is easily transferable with the transfer of shares. Anyone who is holding the shares becomes the owner of that much part. Therefore, to increase the voting rights, one can buy more shares.
It also helps the existing owners to take control over the dilution of ownership. In a corporation, the control lies with shareholders. The dilution of ownership can be monitored. It is in their hands how many portions they want to dilute to new or existing shareholders or to raise money.
Perpetual existence: The existence of a corporation is not dependent on its owners. If any of its owners dies, there will be no impact on the corporation’s existence. Thus, this form of entity is incorporated and liquidated irrespective of its owners.
Limiting Nexus with Multiple Countries: In a corporation, the identity of the business is separate from its owners. So, this also helps in limiting your hassles related to taxation.
How to choose a name for your company
EZCorporates starts by getting a name for the organization. The basic rules about selecting the name are:
- it should be unique,
- end with words like a corporation, incorporated or Limited.
We can help you in checking the name availability and filing the documents to reserve the name.
Filing the forms: We make sure that you get the desired name, and then we process your application further.
EZCorporates will fill out various legal forms on your behalf, and you don’t have to worry about that. We will take care of filling out the required documents. Also, we don’t let our clients pay unreasonable fees, and we take care that your application is processed in one go. You won’t have to apply repetitively or pay the fee more than once. It also saves precious time.
Once you subscribe to our services, all your work will be complete in time with no defaults.
We provide you with end-to-end support, from searching for a name till you get the certificate we are with you. For every step, be it name search, filling forms, preparing bylaws, or even completing the shares issuing formalities, we are with you.
With EZCorporates, you get the best support so contact us as soon as possible.
Why EZCorporates?
Legal assistance on various steps- Incorporating a company is a legal process and needs accuracy and expertise. Filing of various forms, calculating correct fees, drafting multiple documents like articles, bylaws, Issuing share certificates, etc. As per the requirement of the US and your domestic country laws (to protect and help from foreign currency reporting).
Professional and experienced members- We at EZCorporates have qualified professionals, having good exposure to working with multiple country laws. We make sure that all the forms and formalities in your application are complete.
Transparency in all the services– From selecting the name to getting the certificate, applying EIN, issuing share certificates, and starting the business, we assist you in every state. Choosing us will give you a clear understanding of how your application gets processed and transparency in the movement of your application.
Hassle-Free Experience- Our team has been in this field for a long, and we have ample resources that you experience with us will be super-smooth. You will not need to worry about the legalities and get lost in the jargons.
Real-Time Updates of Processes- Dealing with public authorities is not a simple job; you have to reply within the prescribed timeline. And we are there to make your replies on time; you can reach us anytime.
Proper Documentation- Many times, the application gets rejected just because of improper or incomplete documentation. But we make sure that your application is fully complete and accurate. So, that there are no chances of defaults or rejection by the authorities.
Assistance in fundraising- EZCorporates will help you not only with registering your business but also in raising funds for it. We are good at financing and will put our expertise in raising funds for your business.
FAQs
How can I register for a corporation?
Registration is very tedious, and one has to be very cautious, while:
- Choosing a name,
- Filling the forms,
- Getting incorporation certificate
Incomplete or wrong information may cause trouble in registration. EZCorporates will do all the formalities for you, saving your time.
Who are shareholders?
Shareholders are the people who have shares of your company. It means they are the owners of the company of that part for which they are holding shares. Corporations issue shares to the general public, and they subscribe to it by purchasing shares.
How is a Corporation different from other forms?
A corporation can raise funds by issuing its shares. Shareholders include the general public, and there is more transparency.