What is the difference between an “S” corporation and a “C” corporation? All corporations start as a “C” corporation and are required to pay income tax on taxable income generated by the corporation. A C corporation becomes an S corporation by completing the required federal forms with the IRS. An S corporations' net income or loss is “pa
ssed-through” to the shareholders and are included on their personal income tax returns. Because income is not taxed at the corporate level, there is no double taxation as with C corporations. Subchapter S corporations, as they are also called, are restricted to having fewer than 75 shareholders, who must be individuals (S corps cannot be owned by other corps) who are not non-resident aliens.
Do you need an attorney to incorporate your business? No! Having an attorney is not a legal requirement to incorporate, except in South Carolina (a signature by a SC attorney is required on Articles of Incorporation). In other states, you can prepare and file the articles of incorporation yourself; however, you should be thoroughly versed in the laws of the state.
In spite of their seemingly high hourly fees, a good corporate attorney can be a valuable resource to your small business. If you are unsure of what steps your business should take and you do not have the time to research the matter yourself, our firm can form your corporation and save you both time and money. The time you save can be utilized to increase revenues for your business.
Our corporation will provide everything you need to legalize your C or S-corporation.
We provide the following:
· Corporate Seal Articles of Incorporation
· Handsomely designed 3-ring binder with efficient D-ring. Corporate name stamped in gold on spine.
· Bylaws
· Printed minutes 
· Employer Identification Number
· 20 customized stock certificates imprinted with corporate name, authorized corporate issue and pertinent information
· Stock transfer ledger
· Other required forms
· Consultation
· Federal S corporation filings with the IRS
· State S corporation filings with the Franchise Tax Board
· Stock issuance filings as required by the state of California