Bears the brunt of risk associated with the work you do. Limits personal liability.
Your personal assets like your home, car, or savings are protected.
No state residency requirements. Pick your state to incorporate.
Flow through taxation. Protection of a corporation without the double taxation.
Great income splitting potential. Take a reasonable salary and the rest in tax free distributions.
Save on Social Security and Medicare.
Unlimited number of management (that means you can hire your spouse and kids).
Fringe benefits (college classes, business travel) and retirement benefits. Think 401(k)
How to Proceed
Talk with Your Accountant
Create New Entity – go direct to the SOS and prepare bylaws yourself, hire an attorney or contact us for wholesale entity formation
File IRS form SS-4 electronically to obtain a tax ID number and form 2553 by fax at the number that correlates with your state.
Open a new bank account for your new entity
Send us a new W9 and direct deposit authorization
We will begin depositing your contract earnings with no need for a 1099 (no 1099s to corporations)
As a Complete Controller contractor, you qualify for wholesale pricing on our entity formation services. That means you can get a full entity formation and corporate notebook for a fraction of the cost of an attorney service. Complete the form below to let us know if you would like a quote for your professional services business.