Incorporation

Home Business Incorporation

Sanjay Taxpro Incorporation Services or Business Formation Services can help you pick the correct business structure for your business from a tax planning point of you. Sanjay Taxpro can help you setup your business in any state at a reasonable cost to you and we know as a new business owner keeping your costs low is the key for the long term sucess of your business so we can have a long term relationship. Call 408-462-5829 for your business consultation with a Sanjay Taxpro CPA in any of our three locations (Sunnyvale/Fremont/Dublin) and set your foot right in the first place so as to avoid costly reorganization of yor business at a later point of time.

Sole Proprietorship vs. C Corporation vs. S Corporation vs. LLC

Sole Proprietorship C Corp S Corp Limited Liability Company (LLC)
Formation Requirements, Costs None Must file with state, state specific filing fee required. Must file with state, state specific filing fee required. Must file with state, state specific filing fee required.
Personal
Liability
Unlimited liability. Shareholders are not typically held liable. Shareholders are not typically held liable. Members are not typically held liable.
Administrative Requirements Relatively few requirements. Election of board of directors/officers, annual meetings, and annual report filing requirements. Election of board of directors/officers, annual meetings, and annual report filing requirements. Relatively few requirements.
Management Full control. Shareholders elect directors who manage business activities. Shareholders elect directors who manage business activities. Members can set up structure as they choose.
Term Terminated when proprietor ceases doing business or upon death. Perpetual: can extend past death or withdrawal of shareholders. Perpetual: can extend past death or withdrawal of shareholders. Perpetual, unless state requires fixed amount of time.
Taxation Entity not taxable. Sole proprietor pays taxes. Taxed at corporate rate and possible double taxation: Dividends are taxed at the individual level if distributed to shareholders. No tax at the entity level. Income passed through to the shareholders. No tax at the entity level. Income passed through to members.
Double Taxation No Yes, taxed at corporate level and then again if distributed to shareholders in the form of dividends. No No
Self Employment Tax Subject to self employment tax. Salary subject to self employment tax. Salary subject to self employment tax, but shareholder distributions are not subject to employment tax. Salary subject to self employment tax.
Pass Through Tax Treatment Yes No Yes Yes
Tax Forms 1040 IRS Form 1120 IRS Form 1120S
Shareholders get K-1 for personal tax returns.
1 member: sole proprietor IRS Form 1040 - Schedule C
Partnership: IRS Form 1065, Members get K-1
Transferability of Interest No Shares of stock are easily transferred. Yes, but must observe IRS regulations on who can own stock. Possibly, depending on restrictions outlined in the operating agreement.
Capital Raising Individual provides capital. Shares of stock are sold to raise capital (Securities laws apply). Shares of stock are sold to raise capital. Limitations prevent S corp stock ownership by corporations. May sell interests, but subject to operating agreement
(Securities laws may also apply).
Ease of Operation Easiest Must have annual meetings, Board of Directors meetings, corporate minutes, and stockholder meetings. Must have annual meetings, Board of Directors meetings, corporate minutes, and stockholder meetings. Easy, some states may require more than others.

Our Services

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    Sanjay TAxPro provides Tax audit representation or audit defense for our clients. Our representative will attend all meetings and handles correspondence...

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    LLC Formation &
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    Sanjay Taxpro Incorporation Services or Business Formation Services can help you pick the correct business structure for your business from a tax planning...

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    Our Bookkeeping & Payroll services are designed to lessen the burden of day-to-day, monthly bookkeeping and payroll tasks. Detailed management of your daily finances...

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    Planning Services

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    We have signed an agreement with IRS to process W7 (ITIN) applications as Certifying Acceptance Agent (CAA). A CAA is an individual, business or organization...

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Locations

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  • Sunnyvale

    349 Cobalt Way Unit 308, CA 94085
    (Next to Sneha Indian Restaurant)

    408-462-5829 / 408-GO25TAX
    408-418-9876
    contact@sanjaytaxpro.com
    11:00AM - 6PM (Mon-Fri)
    (Book online)
  • Fremont

    39159 Paseo Padre Pkwy Unit 108, CA 94538
    (Opposite to Big Cinema)

    510-629-1272 / 510-MAX-TAX
    408-418-9876
    contact@sanjaytaxpro.com
    Appointment by Phone only
    (Call 408-462-5829)
  • Dublin

    7033 Village Parkway Suite 207, CA 94568
    (Near to Dublin USPS)

    408-462-5829 / 408-GO25TAX
    408-418-9876
    contact@sanjaytaxpro.com
    Appointment by Phone only
    (Call 408-462-5829)
  • San Jose(Evergreen)

    2670 S White Rd Suite 140A, CA 95148
    (Next to Golden Hills Optometry)

    408-462-5829 / 408-GO25TAX
    408-418-9876
    contact@sanjaytaxpro.com
    Appointment by Phone only
    (Call 408-462-5829)
  • Milpitas

    520 Hamilton Ave, CA 95035
    (Near to Milpitas City Center)

    408-462-5829 / 408-GO25TAX
    408-418-9876
    contact@sanjaytaxpro.com
    9:00AM - 12PM (Sun)
    (Book online)
  • Remote

    408-462-5829 / 408-GO25TAX
    408-418-9876
    remote@sanjaytaxpro.com
    10AM - 8PM PST, 7 Days a Week
    Call 408-462-5829)

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