Do you know that there are several types of companies?
- Sole Proprietorship - a non-registered, unincorporated business run solely by one individual proprietor with no distinction between the business and the owner.
- General Partnership - are made up of the two or more persons, called general partners, who enter an agreement to conduct business for a profit.
- Limited Partnership (LP) - a type of partnership with general partners who have a right to manage the business and limited partners who have no right to manage the business but have only limited liability for its debts.
- Corporation - an organization—usually a group of people or a company—authorized by the state to act as a single entity
- S Corporation - corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
- Limited Liability Company (LLC) - a business structure that offers limited personal liability on the part of the owner.
- Non Profit Organization - a legal entity organized and operated for a collective, public or social benefit.
- Cooperative (Co-op) - businesses owned by “member-owners”.
Once you decide which is the type of company that best suits the business you have in mind, we will proceed to form it.
- Registration with the Secretary of State
- Obtaining the IRS Employer Identification Number for Tax Payment (EIN Number)
- Dun & Bradstreet Number (DNB Number)
- Advice on business insurance (if applicable) (Worker’s Compensation, General Liability, and others)
- Operating Licenses
- Alcohol Licenses
- Food Licenses