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Can spread profits between the owners and the corporation to lower the effective tax rate
Formal meetings and record-keeping required
By default, no corporate tax, with profits and losses passed directly to owners
Fewer corporate formalities required
Not a formal business structure
Required to legally conduct business under a trade name
Minimal maintenance required
Other Business Structures
LLPs (Limited Liability Partnerships)
LPs (Limited Partnerships)
Maintain Your Business
Keep your company in good standing.
Joint Venture Agreement
Registered Agent Services
Additional Business Services
Bylaws and Resolutions
Certificates of Good Standing
Entity Name Check
Entity Name Reservation
State Tax ID
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