Business Formation
by Shubham Raheja managerWith the boom of the self employed person and internet businesses, creating a business should be made accessible and easy for all!
We here at Business Formation
provide one of the best services in the USA for business and company creation.
Using an electronic filing system which cuts time and stress from the process
we are able to set up a business for you within hours. We will assign you your
own personal company formation agent during the course of proceedings.
One of our more prominant features is
offering premade businesses for purchase. What is special about this is not
only do you lose the worry of brain storming a company name, but also provides
your business with an early incorporation date. How does 3 to 5 years early
sound...? We all know the older a business is the more respected it is. So with
thanks to premade businesses, the preverbial foot is already within the
preverbial door.
Limited Companies
There are multiple benefits in favour
of forming a limited (Ltd) company. The most prominent being 'Limited
Liability'. Most businesses which operate as Sole Traders or most Partnerships
have the downside that, should they fail, the directors assests are bound
within the company and Creditors are able to claim this. With a limited
company, this is not the case. Only the companies property and/or assests can
be taken. Another appealing factor is that directors and shareholders have no
personal liability to the company whatsoever (unless the company failed due to
their own malpractise and/or misconduct). There are also no restrictions on the
pursuit of forming another company.
Tax concessions are also available to
limited companies compared to that of other varieties which have tax divided
amongst the partners. Profits in all businesses are entitled to taxation, but
with limited companies this tax is subject to a lower rate. Normal personal
allowances against income are also available for Directors to claim.
Limited companies also carry the
benefit that they are identical. No two are allowed the same name! This is
greatly favoured over Sole Traders and Partnerships which, unfortunately, are
unable to assure your business name is unique.
Ownership of limited companies is
easily distinguishable also which eases the the proceedures of valuing, buying
and selling the business. Owners are listed along with their percentage share
of the company they own. These shares are easily transferable via selling or
simply by giving away. Company variants such as Sole Traders suffer in this
field as, when an owner dies, so does the business. Limited companies however
are simply registered over to a new Director or Secretary.
With this all in mind, it should lift
all burden of choosing which variety of company / business is for you.
Premade Businesses
Stock Company... Shelf Company...
Premade Business... These are all terms used for a ready made company.
Purchasing premade businesses takes
away the hastle, hardship and frustration of deciding upon a company name and
can even supply you with a name you wouldn't of even thought of! Purchasing
premade businessess also enable you to choose the incorporation date of the
company, something which is fairly impossible to do when you want to have your
company appear it is a few years old and start right away.
Older businesses are typically more
respected and excepted. So why try and raise a company from the bottom rung
when you already half way up the ladder.
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Created on Sep 16th 2019 03:59. Viewed 204 times.