Overview and features

Your Complete "C" Corporation Service Includes:

"S" Corp Election Available FREE of Charge on Request. Below.

Preliminary Name Check with State
Verifies the availability of your company's name in the state of formation

When you submit an order to BizFilings, we ask that you provide two name choices for your company. We then check the availability of your name in the state where you wish to form your business. If the name choice is not available, your Customer Service Representative will contact you for additional name choices. Final approval of the use of your desired name is conducted by the proper state authority upon submission of of your formation's documentation

Preparation and Filing of Formation Documents
Accurate and reliable formation of your business

BizFilings prepares and files your articles of incorporation or articles of organization with the appropriate state agency in the state of formation. When the state has approved the formation of your business, BizFilings sends the state documents with proof of formation to you. The timeframe for receiving approved documents from the state varies by state. Typical completion time is 4-6 weeks, unless expedited processing is selected.

Turmo.com Exclusive! 1.5 Year FREE registered agent service (Regularly 6 Months)
Ensuring that all critical steps are handled correctly and efficiently for your business

Most state laws require corporations and LLCs to maintain a registered agent in the state where you form your business. The registered agent must have a physical address in the state of formation and is responsible for receiving important legal and tax documents including service of process, franchise tax forms, and annual report forms. You will be provided with a registered agent in your state of formation Free for the First Year and Half. (Wow!)

Expedited Processing Service
Filings typically completed in 7-10 business days

With BizFilings' expedited processing service, your formation documents will be express shipped to and from the state and also from BizFilings to you once approved by the state, expediting the processing time required for your formation filing.

Corporate Kit and Seal (with INC orders only)
Customized necessities for your new corporation

Corporations are subject to a number of formalities after they are formed. BizFilings' corporate kit includes a number of the necessities for helping your company comply with these formalities. BizFilings' corporate kit includes:

A professional binder enclosed in a matching slip-case, customized with your company's name on the spine.
A custom, embossed corporate seal for use in stamping documents to signify their authenticity.
20 full-page, numbered, custom-made stock certificates printed with your company's name .
A stock transfer ledger for keeping accurate records of your corporation's stock distributions.
Sample bylaws, meeting minutes, waiver of notices, and resolutions.

Tax Id (SS-4) Form Preparation and Obtainment Service
Preparation & Obtainment of your tax identification number

Turmo.com obtains your Federal Tax ID (EIN) Number from the IRS on behalf of your business. The typical turn-around time for this service is 2-3 days after we receive approval of your formation filing from the state. Once Turmo.com receives the Federal Tax ID (EIN) Number from the IRS, the completed form will be included with your other state documents.

In order to obtain the Federal Tax ID (EIN) Number for your business, you must provide your SSN or Individual Tax Identification Number (ITIN). If you do not have a SSN, you must obtain an ITIN from the IRS prior to being able to apply for the Federal Tax ID (EIN) Number for your business. Turmo.com does not assist with form preparation for or the obtainment of the ITIN.

Certified Copies of State Formation Documents (Essential)
Necessary For All Business Owners to Open a Bank Account

As states update their technology and processes for accepting formation, foreign qualification and other documents, the state-approved versions of these documents can often look plain. Even though official, some business owners wish to have a certified copy of these documents. A certified copy is a true and exact copy of your company’s formation or other state filed document as issued by the state of formation.

Keeping the original of your formation documents or any other state-filed document with your company records is important. Often times a Banking Institution will request these certified copies to prove the legitimacy of your Business before being able to open a Banking Account.

S Corporation Election Form Preparation (Optional Free Service)*
The taxation method many small businesses prefer

In order to elect S corporation status with the Internal Revenue Service for your corporation, you must file Form 2553 with the IRS. BizFilings will prepare Form 2553 upon your request, which you then sign and mail or fax to the IRS in a pre-addressed envelope provided to you.

** You Must Make Us Aware of your S-Corp Election Via E-mail or Phone Prior to Placing Your Order Online. 1-800-204-7140 x114. Thank You

To learn more about "S" Corporations, Please Read Below

Corporate Forms CD (with INC orders only)
Customizable versions of the forms necessary to comply with your corporate formalities

Corporations are required to follow certain formalities in order to keep the corporate entity alive. These formalities include holding and documenting a variety of director and shareholder meetings. The corporate forms CD includes customizable documents, each of which can be used as is or with minor changes, to fit the needs of your business. It also comes with an informational booklet explaining on how and when to hold corporate meetings. The corporate forms CD includes:

Sample bylaws
Sample documents for initial, annual, and special meetings of directors
Sample documents for annual and special meetings of shareholders
Sample documents for various director resolutions, including resolutions to amend the articles of incorporation or bylaws

Advantages of Incorporation
Forming a corporation is an important step for small business owners, and taking this step has many possible benefits for the business and its owners (who are also called shareholders). These benefits are, in many cases, unavailable to sole proprietorships and general partnerships. Limited Liability - Corporations provide limited liability protection to its owners. Typically, the owners are not personally responsible for the debts and liabilities of the business; thus, creditors cannot pursue owners’ personal assets (such as a house or car) to pay business debts. Conversely, in a sole proprietorship or general partnership, owners and the business are legally considered the same and personal assets can be used to pay business debts. Tax Advantages - Corporations often gain tax advantages such as: the deductibility of health insurance premiums paid on behalf of an owner-employee; savings on self-employment taxes, as corporate income is not subject to Social Security, Workers Compensation and Medicare taxes; and the deductibility of other expenses such as life insurance. For information on the types of tax advantages your business may gain by forming as a corporation, please speak with an accountant or tax advisor. Establishing Credibility - Incorporating may help a new business establish credibility with potential customers, employees, vendors, and partners. Unlimited Life - A corporation’s life is not dependent upon its owners. A corporation possesses the feature of unlimited life, meaning if an owner dies or wishes to sell his or her interest, the corporation will continue to exist and do business. Transferability of Ownership - Ownership in a corporation is typically easily transferable. (However, there are restrictions on S corporation ownership.) Raising Capital - Capital can be raised more easily through the sale of stock. Additionally, many banks, when providing a small business loan, want the borrower to be an incorporated business. Retirement plans - Retirement funds and qualified retirements plans, such as a 401(k), may be established more easily.
Advantages of an "S" Corporation
Standard business corporations or C corporations are required to pay income tax on taxable income generated by the corporation. Making a subchapter S election by completing and filing federal Form 2553 with the IRS is a way to avoid having your corporation treated as a separately taxable entity. An S corporation is a standard business corporation that has elected a special tax status with the IRS. This tax treatment allows the corporation not to be a separately taxable entity. Instead, the income of the corporation is treated like the income of a partnership or sole proprietorship; the income is "passed-through" to the shareholders. Thus, shareholders’ individual tax returns report the income or loss generated by an S corporation. To be classified as an S corporation, a corporation must make a timely filing of Form 2553 with the IRS. IRS instructions indicate you must complete and file this form: at any time before the 16th day of the 3rd month of the tax year the election is to take effect, or at any time during the tax year preceding the tax year it is to take effect. An election made no later than 2 months and 15 days after the beginning of a tax year that is less than 2½ months long is treated as timely made for that tax year. An election made after the 15th day of the 3rd month but before the end of the tax year generally is effective for the next tax year. However, an election made after the 15th day of the 3rd month will be accepted as timely filed if the corporation can show that the failure to file on time was due to reasonable cause.

Advantages of Incorporation

Forming a corporation is an important step for small business owners, and taking this step has many possible benefits for the business and its owners (who are also called shareholders). These benefits are, in many cases, unavailable to sole proprietorships and general partnerships.

Limited Liability - Corporations provide limited liability protection to its owners. Typically, the owners are not personally responsible for the debts and liabilities of the business; thus, creditors cannot pursue owners’ personal assets (such as a house or car) to pay business debts. Conversely, in a sole proprietorship or general partnership, owners and the business are legally considered the same and personal assets can be used to pay business debts.

Tax Advantages - Corporations often gain tax advantages such as: the deductibility of health insurance premiums paid on behalf of an owner-employee; savings on self-employment taxes, as corporate income is not subject to Social Security, Workers Compensation and Medicare taxes; and the deductibility of other expenses such as life insurance. For information on the types of tax advantages your business may gain by forming as a corporation, please speak with an accountant or tax advisor.

Establishing Credibility - Incorporating may help a new business establish credibility with potential customers, employees, vendors, and partners.

Unlimited Life - A corporation’s life is not dependent upon its owners. A corporation possesses the feature of unlimited life, meaning if an owner dies or wishes to sell his or her interest, the corporation will continue to exist and do business.

Transferability of Ownership - Ownership in a corporation is typically easily transferable. (However, there are restrictions on S corporation ownership.)

Raising Capital - Capital can be raised more easily through the sale of stock. Additionally, many banks, when providing a small business loan, want the borrower to be an incorporated business.

Retirement plans - Retirement funds and qualified retirements plans, such as a 401(k), may be established more easily.

Advantages of an "S" Corporation

Standard business corporations or C corporations are required to pay income tax on taxable income generated by the corporation. Making a subchapter S election by completing and filing federal Form 2553 with the IRS is a way to avoid having your corporation treated as a separately taxable entity.

An S corporation is a standard business corporation that has elected a special tax status with the IRS. This tax treatment allows the corporation not to be a separately taxable entity. Instead, the income of the corporation is treated like the income of a partnership or sole proprietorship; the income is "passed-through" to the shareholders. Thus, shareholders’ individual tax returns report the income or loss generated by an S corporation.

To be classified as an S corporation, a corporation must make a timely filing of Form 2553 with the IRS. IRS instructions indicate you must complete and file this form:

at any time before the 16th day of the 3rd month of the tax year the election is to take effect, or
at any time during the tax year preceding the tax year it is to take effect. An election made no later than 2 months and 15 days after the beginning of a tax year that is less than 2½ months long is treated as timely made for that tax year.

An election made after the 15th day of the 3rd month but before the end of the tax year generally is effective for the next tax year. However, an election made after the 15th day of the 3rd month will be accepted as timely filed if the corporation can show that the failure to file on time was due to reasonable cause.

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