Nothing is Certain But Death & Taxes, Except a Free Corporation!
CALABASAS, Calif., April 21 /PRNewswire/ — “There is no such thing as a good tax,” Winston Churchill once said. However, there are ways to reduce tax liability for small businesses. As tax date comes to a close, the question of whether someone can save money next year by incorporating is weighing on many business owners’ minds. For those seeking tax saving, Corporations, S-Corporations and LLCs all offer liability protection and ways of arranging profits and losses that can be beneficial. Typically, sole proprietors (those who have not formed a corporation or LLC), will be required to pay self-employment tax profit, currently at 15.3%. By incorporating a business, only the salary paid to the owner(s) is subject to self-employment tax. Depending on the situation, tax savings can be up to 50% of the tax bill. In addition, sole proprietors tend to be more likely to file incorrect returns and tend to underreport revenue or over-report deductions.
For these reasons, the IRS has audited a much higher percentage of sole proprietor tax filings than corporate filings in recent years. In making the decision as to which would best suit a business’s needs, many factors need to be weighed such as how tax liability will be dealt with or how much organizational maintenance is manageable.
Once a business owner decides to take the step towards forming a corporation or LLC, a Calabasas company is helping by offering Free Incorporations and LLCs to celebrate tax day. For those who need help getting started, MyCorporation.com is a document filing service that helps people form new businesses. Founded in 1998, MyCorporation.com has helped numerous entrepreneurs form a new corporation or limited liability company.
To give business owners something to look forward to after taxes have been submitted, MyCorporation announced that they will be launching a Free* incorporation offer. Beginning April 15th and running through end of the month, MyCorporation will be giving away a free copy of QuickBooks Simple Start and a Free* Corporation or LLC. This is the perfect time to start a small business. To take advantage of this opportunity, just call 1-877-MYCORP-2 or visit the website MyCorporation.com and mention code MYFREE to receive a Free Incorporation or LLC and free QuickBooks Simple Start.
*Shipping, state and publication fees are additional.
MyCorporation.com is a leading online provider of document filing services for customers who wish to form a corporation or limited liability company. For more than ten years, MyCorporation.com has helped entrepreneurs and real estate investors incorporate their businesses in a reliable and affordable manner. In addition to offering document filing services for incorporation and LLC formation, MyCorporation.com also offers trademark searches and applications, copyright registrations, DBA registrations, registered agent services and many more services that help customers protect and maintain the legitimacy of their businesses.