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David Beadle and Richard Drexel of General Business Services, take all the trouble out of
adding "INC." to your company
name!
Incorporation
offers your business many advantages.
Even if you're a one-person enterprise.
For Example - Unequaled
personal liability
protection...substantial tax
advantages....a high degree of
flexibility in structuring pension plans
and other owner benefits....a percentage
deductibility of health insurance
premiums in most cases...greater control
in transferring ownership. Plus, a
corporation is generally a more
attractive business structure for
bringing in outside investors.
A Corporation Protects Your
Personal Assets-This is the
number one reason why our clients
incorporate. In most cases of a lawsuit
or judgment against your business, no one
can seize your personal assets-your home,
car, boat, savings accounts, etc. It's
the only rock-solid protection for
personal assets that you can get in
business.
A Welcome Tax Shelter-There
are many more tax options available to
corporations than to proprietorships or
partnerships. You can establish pension,
profit-sharing and stock option plans
favorable to the owners of the
corporation. For example, in most cases,
with a corporation you can even deduct
part of your health insurance premiums. Money
that owners of unincorporated firms pay
in taxes can, in corporations, go into
owner benefits plans. Over time this can
add up to a tremendous perk
Plus:
- A corporation which is
not a personal holding
company may own shares in
another corporation and
receive dividends -80% of
which are tax free.
- A corporation wishing to
raise capital is more
attractive to investors
who can purchase shares
of stock in return for
their capital. This
gives you a way to lower
your cost of capital. You
can raise money without
incurring debt and
interest payments..
- A corporation's capital
can be expanded at any
time in a private
offering by issuing and
selling additional shares
of stock. This is
especially helpful when
banks are being tight
with money.
- Shares of a corporation
can be easily distributed
to family members.
That makes estate and
family planning a lot
easier.
- Owners can quickly
transfer ownership
interest, represented by
shares of stock, without
the corporation
dissolving. This
makes an unexpected event
easier to handle, because
the corporation does not
have to dissolve.
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HERE
ARE INCORPORATION SERVICES THAT
GBS PROVIDES FOR YOU:
- Researches the
availability of your
corporate name.
- Provides, Completes and
Files the Articles of
Incorporation and Initial
Report with the Secretary
of State
- Provides and Completes
the minutes of the First
Organizational meeting.
- Provides, Completes and
Files form 2553 with the
IRS for Sub
S-Corporations.
- Obtains your EIN # from
the IRS, Provides,
Completes and Files the
SS4 Form.
 Provides you
with a minimum of Two
Hours of Business
counseling on the
Incorporation of your
Business.
- Issuance of Stock
Certificates to Share
Holders.
- All of the Above can be
provided for a
Professional, Competitive
Fee.
- We can also be listed as
your Registered Agent for
an Annual Fee.
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