Starting a Business

With Incorporate Fast, you can start a business in a just a few minutes.

If you already know the type of business entity (LLC, corporation, or nonprofit) you want to form, you can start and finish the formation process in 5 minutes, right now:

Start Your Business Now

Why IncFast?

When you start a business, you will establish a permanent public record under your name and address by filing business formation documents. It will be a searchable public document for the rest of time. At Incorporate Fast Inc, we not only will file your paperwork faster than any other incorporation service, we’re the only incorporator that will focus on your privacy. We will not list your home or office address whenever possible. We use our own registered agent service address to be able to omit your home and office address from permanent public records. Ten years from now, you may not want your old office address a public record. We don’t even charge for this. We do it for free. A year from now, if you’d like, you or us can easily change everything from our registered agent address to your home or office, but as a solution we offer continued registered agent service for $125 a year from that point on.

To learn more about entity types, keep reading.

Business Entity Overview

LLC Corporation Non-Profit
Asset Protection
Limited Liability
Ownership
Has Shareholders
Has Members
Ownership by Shares
Ownership by Percentage
Funding
Can Sell Stock to Raise Capital
Sells Percentage of Company to Raise Capital
Investor-Preferred Entity Type
Donations
Maintenance
State Reports Due Periodically
Requires Annual Meetings
Owners Can Make Company Decisions Quickly
Taxes
Can Elect to be Taxed as S-Corp
Can Elect to be Taxed as C-Corp
Pass-through Taxation
Double Taxation
Possible Corporate Tax Exemptions

LLCs (Limited Liability Companies)

The vast majority of businesses started this year will be formed as LLCs. Why? The main reason is simplicity.

LLCs were created in 1977 as a way to blend the benefits of corporations and partnerships into an easy-to-maintain entity, giving new businesses the security of a corporation’s asset protection and the no-nonsense tax structure of a partnership. Since their conception, LLCs have become wildly popular with new businesses and are currently the most popular type of new business entity.

These are the main features of an LLC

  • Limited liability asset protection
  • Owners are called members
  • LLC ownership is divided into percentages
  • Pass-through taxation (income passes through to the members as personal income)
  • Low annual maintenance
Learn more about LLCs

Corporations

Corporations were the original business entity and helped pave the way for business as we know it in America today.

Prior to the 20th century, corporations could only be formed by an act of congress, but through a series of supreme court decisions, the power to form a corporation was passed onto the individual. Corporations remain the entity of choice for large companies and start-ups seeking funding.

These are the main features of a corporation:

  • Limited liability asset protection
  • Owners are called shareholders
  • LLC ownership is divided into shares
  • Double taxation (corporation profits are taxed and earnings passed to shareholders are taxed again as personal income)
  • Annual shareholder meeting and corporate maintenance required
Learn more about corporations

What is a Registered Agent?

If you’re starting a business for the first time, the term “registered agent” may be a new one. Here is a simple registered agent definition: When you form a corporation or LLC, you are required by law to appoint a registered agent—a person or business that will serve as an official point of contact for the business entity. A registered agent must be a legal resident in the state where the business operates and be available to receive service of process (notice of a lawsuit) and official mail during regular business hours. Some business owners serve as their own registered agent, others hire registered agent services like Incorporate Fast to act as their registered agent.

Advantages of Hiring a Registered Agent

  • Keep personal address off public records (no solicitors, no spam mail).
  • If your business is sued, process servers (who are sometimes the local police) won’t be delivering service of process to your business or home.
  • Registered agents must be available during normal business hours, so if your business keeps odd hours you may need to hire a registered agent.
  • Registered agent services help keep track of annual requirements reducing the amount of paperwork for business owners.
  • A registered agent is required in every state your business does business. Using a national registered agent service like Incorporate Fast allows you to track your business in every state from a single account, making doing business in multiple states simple.
What is a registered agent?