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Wondering what happens after you submit your incorporation order to us? Have questions about using MaxFilings to incorporate your business or form an LLC? Here you'll see basic questions about our system that can help make your experience smooth and hassle-free. FAQ About MaxFilings
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- Registered Agent
- Certified Copy of Business Formation Documents
- Foreign Qualification
- Certificate of Good Standing
- Business Forms on CD
- Kit, Seal & Sample Forms
– Profit Corporation - Kit, Seal & Sample Forms
– Professional Corporation - Kit, Seal & Sample Forms
– LLC - Kit, Seal & Sample Forms
– Professional LLC - Kit, Seal & Sample Forms
– Nonprofit Corporation - Amendment
- DBA - Fictitious Name
- Apostille
- Obtain Federal Tax ID # (EIN)
- Prepare Federal Tax ID # (EIN)
- Reinstatement
- Conversion
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- Name Check
- Name Reservation
- Prepare S Corporation Election
“Let me say that I was super impressed with your service. As you know I am opening a 160 seat restaurant which is consuming all of my time right now. I appreciate the quality and speed at which you worked. I loved your service. I am sure our paths will cross again when I open La Casanova 2, 3 and 4.”
- Barbara Castronovo, La Casa Novas Restaurant, LLC, Florida
“I am very happy to say that I had a great experience using MaxFilings. I was especially pleased by the prompt service and the e-mails that would give me updated progress reports. I would definitely use them again.”
- Sharon Freitas, Emmalon Inc., New York
Is Pass-Through Tax Treatment the Same for LLC’s and S Corporations?
No, not exactly. It is the same in that neither entity itself pays income taxes, passing profits through to the members/shareholders. But there is a difference that gives LLC members an advantage. While S Corporations must allocate profits in direct proportion to shareholders’ ownership, LLC’s are free to allocate profits without regard to their members’ ownership share.
In addition, LLC members have an advantage when it comes to determining the maximum amount of business losses they can report on their tax return in a year. S Corporation shareholders are limited to the “basis” of their stock, that is what they paid for the stock plus and minus adjustments during the corporation’s life, and plus personal loans to the corporation. The maximum amount of business losses LLC members can report on their tax return in a year is calculated in the same way except that they are allowed to also include their pro rata share of money borrowed by the LLC.
Of course S Corporations do have their advantages, one of which is covered in “Can S Corporation status reduce self-employment taxes?”
In view of the complexity of tax issues, it is always wise to consult with a skilled professional tax advisor when forming a business.
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MaxFilings is an online incorporation service that lets you incorporate or form an LLC in just 10 minutes, or start organizing your information until you are ready. There is no charge to store incorporation information in the secure MaxFilings system, and there is never any obligation to order.