Combine the structure of a corporation with the flexibility to run the business your way, but you’ll need to follow some rules to keep your tax status.
You can have up to 100 owners, but they all need to live in the U.S., which limits who can invest in your company.
Lets profits pass directly to owners to avoid being taxed twice, and provides advantages for managing taxes on salaries and dividends.
Keeps shareholders’ personal money and belongings safe from company debts and legal problems, protecting their personal wealth.
S-Corps must meet strict IRS rules on shareholders, operations, and financial reporting to keep their special tax status.
Can raise funds through one type of stock and loans, but has some limits compared to C-Corps.
Ideal for small to medium businesses that qualify with the IRS and want tax benefits without the complexity of a C-Corp.
We provide comprehensive support for all your business needs, from formation to taxes.
Companies formed before January 1, 2024, must file their BOI report by January 1, 2025. Those created in 2024 have 90 days from the notice of formation or public registration. Companies formed on or after January 1, 2025, must file within 30 days of receiving notice of formation.
FinCEN began accepting beneficial ownership information reports on January 1, 2024. Reports cannot be submitted before that date.
No, a sole proprietorship is not considered a reporting company unless it was formed by filing a document with a secretary of state or similar office. Simply obtaining an EIN, registering a business name, or getting a license does not make it a reporting company.
A beneficial owner is anyone who directly or indirectly owns or controls at least 25% of the company’s ownership interests or has significant control over the company.