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Available Online

Business Incorporation or Consultation

1 h
500 US dollars
Zoom

Service Description

Regulatory Requirements: Corporations are subject to various regulatory and compliance requirements, such as filing annual reports, holding shareholder meetings, and maintaining certain records. Complexity and Costs: Forming and maintaining a corporation may involve more paperwork, legal procedures, and associated costs compared to other business structures like sole proprietorships or partnerships. Separate Legal Entity: A corporation is considered a separate legal entity from its owners/shareholders. This means the corporation can enter contracts, own assets, sue, and be sued in its own name, distinct from the individuals who own or manage it. Limited Liability: Shareholders' liability is typically limited to the amount they have invested in the company. Their personal assets are protected in most cases, meaning they are not usually personally responsible for the debts and liabilities of the corporation. Perpetual Existence: A corporation has an indefinite lifespan, existing even if shareholders leave or change. Ownership Structure: Ownership is defined by shares of stock, which can be easily transferred or sold. This simplifies the transfer of ownership and the raising of capital. Tax Implications: Corporations are subject to corporate income tax, which may differ from individual tax rates. They may also have tax advantages or opportunities for deductions not available to other business structures, depending on the country's tax laws.


Cancellation Policy

8 Hours before appointment


Contact Details

+19255873405

Pooja@2cherrytax.com

www.2cherrytax.com San Ramon, CA 94582, USA


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