Best Certified Public Accountants in Missouri City, TX

A Single-member LLC can file as a sole proprietor. An LLC with multi-members can file as a partnership. Also, an LLC can file as an S Corporation or C Corporation by making the appropriate elections with the IRS.

A corporation is a legal entity that exists separately from its owners. Creation of a corporation occurs when properly completed articles of incorporation are filed with the correct state authority, and all fees are paid.

We will request your two top name choices. We will check these as part of your order. If neither of these is available, we will contact you for other name choices.

The primary advantage of incorporating is to limit your liability to the assets of the corporation only. Usually, shareholders are not liable for the debts or obligations of the corporation. So if your corporation defaults on a loan, unless you haven't personally signed for it, your personal assets won't be in jeopardy. This is not the case with a sole proprietorship or partnership. Corporations also offer many tax advantages that are not available to sole proprietors. Some other advantages include: A corporation's life is unlimited and is not dependent upon its members. If an owner dies or wishes to sell their interest, the corporation will continue to exist and do business. Retirement funds and qualified retirement plans (like 401k) may be set up more easily with a corporation. Ownership of a corporation is easily transferable. Capital can be raised more easily through the sale of stock. A corporation possesses centralized management.

Most every state requires that a corporation has a registered agent. That agent must have a physical location in the formation state. The registered agent can typically be any person (usually a resident of the state) or any properly registered company who is available during normal business hours to receive official state documents or service of process (lawsuit).