Sole Owners

Sole Proprietorship: Sole owners of Utah-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Utah Department of Commerce is necessary, but it is recommended to register a DBA (doing business as), and if you plan to hire employees then also obtain an EIN.

Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Utah here.

Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Utah you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Utah here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Utah Department of Commerce, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a DBA (doing business as), and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Utah might be required to foreign qualify in Utah. This rule typically applies to companies looking to open a physical branch in Utah, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Utah might still be required to obtain Sales Tax License from Utah State Tax Commision if selling taxable products or services using local dropshippers.

Existing Utah Companies

Companies registered in Utah enjoy from a wide spectrum of services provided by the Utah Department of Commerce and Utah State Tax Commision. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Utah Department of Commerce and Utah State Tax Commision in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Who Should Register a Company in Wyoming

It is safe to assume that vast majority of companies registered in Wyoming have no physical connection to the state whatsoever. As far as our statistics go, Wyoming holds the record of new entities being formed, and it is popular both amongs domestic and foreign clients. In fact, Wyoming is perfect for foreign clients, looking to establish remote business in the U.S. (one with no physical connection), and is one most our foreign client indeed choose.

Wyoming entities can be useful tools for internet (ecommerce) businesses, remote technical support and outsourcing, export/import, etc., especially if such businesses have only virtual presence in the U.S., and they can be used for the purpose of asset holding (especially intellectual property), and generally as holding companies for other business entities.

Migration From Nevada To Wyoming

For years Nevada was extremely popular state to form companies with wide range of purposes, rivaling Delaware as the incorporation heaven of America. However, recent political and fiscal developments in Nevada, which brough introduction of expensive Business License and Initial List filing requirements, as well as outrageous renewal fees and rough treatement of delinquient businesses, have significantly reduced the attractiveness of the state.

As a result for the last several years there was a steady outflow of companies from Nevada through the process of domestication, with Wyoming being the primary beneficiary of this process. No positive change is expected any time soon, and this is one of the reasons we often recommend our clients, looking to incorporate in Nevada, to consider Wyoming instead.

Who Should Not Register a Company in Wyoming

Not everyone would benefit from registering their company in Wyoming. First, most technology companies would benefit from registering in Delaware, since professional investors such as VCs always prefer the familiar laws of Delaware over any other state.

Then there is a question of nexus – if your business is physically located in another state, and you think that by registering it in Wyoming you can escape registration in your state (for example, notoriously expensive California), we have to disappoint you. Even though your business will be organized under the Wyoming law, you will still have to foreign qualify it in your state, which in other words means you will have to maintain two entities instead of one.

Businesses Physically Located in Wyoming

If you decided to open a new business that will be based in Wyoming you can choose from several options:

Sole Owners

1. Sole Proprietorship: Sole owners of Wyoming-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Wyoming Secretary of State is necessary, but it is recommended to register a Trade Name, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Wyoming here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Wyoming you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Wyoming here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Wyoming Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a Trade Name, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Wyoming might be required to foreign qualify in Wyoming. This rule typically applies to companies looking to open a physical branch in Wyoming, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Wyoming might still be required to obtain Sales & Use Tax License from Wyoming Department of Revenue if selling taxable products or services using local dropshippers.

Existing Wyoming Companies

Companies registered in Wyoming enjoy from a wide spectrum of services provided by the Wyoming Secretary of State and Wyoming Department of Revenue. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Wyoming Secretary of State and Wyoming Department of Revenue in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or mail if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of Wisconsin-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Wisconsin Department of Financial Institutions is necessary, but it is recommended to register a Trade Name, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Wisconsin here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Wisconsin you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Wisconsin here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Wisconsin Department of Financial Institutions, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a Trade Name, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Wisconsin might be required to foreign qualify in Wisconsin. This rule typically applies to companies looking to open a physical branch in Wisconsin, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Wisconsin might still be required to obtain Seller’s Permit from Wisconsin Department of Revenue if selling taxable products or services using local dropshippers.

Existing Wisconsin Companies

Companies registered in Wisconsin enjoy from a wide spectrum of services provided by the Wisconsin Department of Financial Institutions and Wisconsin Department of Revenue. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Wisconsin Department of Financial Institutions and Wisconsin Department of Revenue in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of West Virginia-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with West Virginia Secretary of State is necessary,  but it is recommended to register a Trade Name, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in West Virginia here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in West Virginia you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in West Virginia here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the West Virginia Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a Trade Name, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in West Virginia might be required to foreign qualify in West Virginia. This rule typically applies to companies looking to open a physical branch in West Virginia, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to West Virginia might still be required to obtain Business Registration Certificate from West Virginia State Tax Department if selling taxable products or services using local dropshippers.

Existing West Virginia Companies

Companies registered in West Virginia enjoy from a wide spectrum of services provided by the West Virginia Secretary of State and West Virginia State Tax Department. Such services include but not limited to:

• Amendent
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as West Virginia Secretary of State and West Virginia State Tax Department in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of Virginia-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Virginia State Corporation Commission is necessary, but it is recommended to obtain a Certificate of Business Under an Assumed Name, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Virginia here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Virginia you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Virginia here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Virginia State Corporation Commission, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to obtain a Certificate of Business Under an Assumed Name, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Virginia might be required to foreign qualify in Virginia. This rule typically applies to companies looking to open a physical branch in Virginia, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Virginia might still be required to obtain Sales and Use Tax Certificate from Virginia Department of Revenue if selling taxable products or services using local dropshippers.

Existing Virginia Companies

Companies registered in Virginia enjoy from a wide spectrum of services provided by the Virginia State Corporation Commission and Virginia Department of Revenue. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Virginia State Corporation Commission and Virginia Department of Revenue in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of Vermont-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Vermont Secretary of State is necessary, but it is recommended to register a Trade Name (DBA), and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Vermont here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Vermont you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Vermont here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Vermont Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a Trade Name (DBA), and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Vermont might be required to foreign qualify in Vermont. This rule typically applies to companies looking to open a physical branch in Vermont, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Vermont might still be required to obtain Sales & Use Tax Certificate from Vermont Department of Taxes if selling taxable products or services using local dropshippers.

Existing Vermont Companies

Companies registered in Vermont enjoy from a wide spectrum of services provided by the Vermont Secretary of State and Vermont Department of Taxes. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Vermont Secretary of State and Vermont Department of Taxes in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of Tennessee-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Tennessee Secretary of State is necessary, but it is recommended to register a Assumed Name, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Tennessee here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Tennessee you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Tennessee here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Tennessee Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a Assumed Name, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Tennessee might be required to foreign qualify in Tennessee. This rule typically applies to companies looking to open a physical branch in Tennessee, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Tennessee might still be required to obtain Sales Tax Certificate of Registration from Tennessee Department of Revenue if selling taxable products or services using local dropshippers.

Existing Tennessee Companies

Companies registered in Tennessee enjoy from a wide spectrum of services provided by the Tennessee Secretary of State and Tennessee Department of Revenue. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Tennessee Secretary of State and Tennessee Department of Revenue in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of South Dakota-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with South Dakota Secretary of State is necessary, but it is recommended to register a Fictitious Business Name, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in South Dakota here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in South Dakota you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in South Dakota here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the South Dakota Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to register a Fictitious Business Name, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in South Dakota might be required to foreign qualify in South Dakota. This rule typically applies to companies looking to open a physical branch in South Dakota, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to South Dakota might still be required to obtain Sales Tax License from South Dakota Department of Revenue if selling taxable products or services using local dropshippers.

Existing South Dakota Companies

Companies registered in South Dakota enjoy from a wide spectrum of services provided by the South Dakota Secretary of State and South Dakota Department of Revenue. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as South Dakota Secretary of State and South Dakota Department of Revenue in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of South Carolina-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with South Carolina Secretary of State is necessary, but if you plan to hire employees then you need to obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in South Carolina here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in South Carolina you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in South Carolina here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the South Carolina Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in South Carolina might be required to foreign qualify in South Carolina. This rule typically applies to companies looking to open a physical branch in South Carolina, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to South Carolina might still be required to obtain Sales Tax License from South Carolina Department of Revenue if selling taxable products or services using local dropshippers.

Existing South Carolina Companies

Companies registered in South Carolina enjoy from a wide spectrum of services provided by the South Carolina Secretary of State and South Carolina Department of Revenue. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as South Carolina Secretary of State and South Carolina Department of Revenue in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.

Sole Owners

1. Sole Proprietorship: Sole owners of Rhode Island-based businesses could opt for sole proprietorship as the easiest form of business organization. Not the most recommended, given the liability a sole proprietor assumes as a result of owning a business. No registration with Rhode Island Secretary of State is necessary, but it is recommended to fila a Fictitious Business Name Statement, and if you plan to hire employees then also obtain an EIN.

2. Single Member LLC: Limited liability company, as the name suggests, is an entity that allows its owners to limit the liability of the business to the entity itself, shielding the owners’ personal assets. This type of entity is recommended for most small businesses.

By default your LLC will be taxed as “disregarded entity”, meaning you will file your LLC tax return as part of your personal tax return. Keep in mind though – LLC is a flexible entity, which means you have the option of electing it to be taxed as S-Corp (assuming you are a U.S. person) or C-Corp. Learn more about LLC here, and about the details of forming LLC in Rhode Island here.

3. Corporation: You can also form a corporation and be a sole shareholder with 100% of all shares. Corporations have more formalities than LLCs (for example in Rhode Island you are required to have bylaws and maintain minutes of meetings in corporate records), but provide similar limited liability protection. That’s one of the reasons this entity type is often more suitable for bigger companies, or those who seek major investment.

Corporations can be taxed as S-Corp or C-Corp, with each form of taxation having its pros and cons. Keep in mind, you can elect your corporation to be S-Corp only if you, as the sole shareholder, are a U.S. person.

Learn more about corporations here, and about the details of incorporating in Rhode Island here.

Partners

1. General Partnership: Like sole proprietorship, this entity type does not require registration with the Rhode Island Secretary of State, but it also does not protect the owners from business liability, and therefore is usually not recommended. A General Partnership needs to file a Fictitious Business Name Statement, and obtain an EIN.

2. Multiple Member LLC: like Single Member LLC for sole owner, Multiple Member LLC is often the entity of choice for small and new businesses with more than one partner.

3. Corporation: Since corporation can have many shareholders, and transfering ownership is relatively easy (though share transfer) corporation might be a good choice of entity for business with partners.

Keep in mind though – S Corporations are limited to 100 shareholders who must be physical U.S. persons. That means corporations owned (partially or fully) by non-U.S. persons or legal entities, cannot be elected as S-Corp, and therefore subject to double taxation of an C-Corp. In cases like that it would be recommended to consider choosing LLC instead.

4. Limited Partnerships: Limited partnerships come in different forms, depending on the state (LP, LLP, LLLP). Though Limited Partnerships have their own purpose and place, for most cases we believe an LLC would serve its owners well enough, therefore at this point we do not cover Limited Partnerships.

Existing Out-of-State Companies

An existing company registered in another state or country (called “foreign corporation”, “foreign LLC”, etc) looking to conduct business in Rhode Island might be required to foreign qualify in Rhode Island. This rule typically applies to companies looking to open a physical branch in Rhode Island, lease an office or warehouse, hire employees, etc.

“Foreign” businesses that do not create “strong nexus” by moving physically to Rhode Island might still be required to obtain Retail Sales Permit from Rhode Island Division of Taxation if selling taxable products or services using local dropshippers.

Existing Rhode Island Companies

Companies registered in Rhode Island enjoy from a wide spectrum of services provided by the Rhode Island Secretary of State and Rhode Island Division of Taxation. Such services include but not limited to:

• Amendment
• Dissolution
• Reinstatement
• Certified copies of company documents
• Certificate of Good Standing
• Apostilles

How Can We Help?

Our company specializes in working with state government agencies such as Rhode Island Secretary of State and Rhode Island Division of Taxation in order to make your business registration and maintenance easier and smoother. We invite you to browse our website to learn more about our services and prices – and never hesitate to contact us via via phone, chat, or email if you have any questions.