Tax implications of incorporation
Your choice of business structure has significant tax implications. For example, C-Corps face double taxation, while LLCs and S-Corps benefit from pass-through taxation. Sun Shine Tax helps you understand these impacts and optimize your tax strategy
Tax Implications of corpration
(C-Corp ) Corporation
A separate legal entity with strong Liability Protection but subject to double taxation
(S-Corp ) Corporation
Avoid double taxation by allowing profits to pass trough to owners personal tax returns .
Non Profit Organization
Eligible for tax exempts status for charitable ,educational,or similar purpose
Legal requirements and compliance
Legal requirements and compliance
Staying compliant with federal, state, and local regulations is crucial. This includes filing annual reports, paying fees, and maintaining proper records. Sun Shine Tax offers ongoing compliance services to keep your business in good standing.
Sole Proprietorship
Easy to setup ,But owner has unlimited liability
Partnership
Shared ownership, profits and liability between two or more people
Limited Liability company (LLC)
Offer Liabilities protection with tax flexibility.
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Business Incorporation online process
• Name Reservation: Secure your business name.
• File Articles: Submit necessary paperwork to your state.
• Draft Bylaws: Outline your business's governance.
• Obtain an EIN: Register with the IRS for tax purposes.
• File Initial Reports: Fulfill your state's initial compliance requirements.