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FAQ's
How
long is the incorporation or LLC process?
Processing times for forming a company vary amongst
the different states and change constantly depending
on the workload at the state office. Normally we can
have your corporation formed in 24 hours.
What
is a Federal Employer Identification Number?
A Federal Tax Identification Number (also known as
an "EIN Number" ) is a number assigned to
a corporation or LLC by the Federal Government
for purposes of taxation. The EIN is to a corporation
or LLC as a Social Security Number is to an individual.
Most banks require that a corporation or LLC obtain
a Federal Tax Identification Number as a prerequisite
to opening a bank account regardless of whether the
company will have employees. We can prepare your Federal
Tax Identification Number Application (IRS Form SS4)
at your request and assist you in securing the number.
Should
I be an S-corporation?
An S-corporation provides
for a series of tax advantages. Not all corporations
can qualify for S status not should elect to be treated
that way. To become an S-corporation, you will need
to complete IRS form 2553 and the requisite state
S election form, if required. We can prepare your
S-election forms at your request.
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