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:
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.
|Ownership by Shares|
|Ownership by Percentage|
|Can Sell Stock to Raise Capital|
|Sells Percentage of Company to Raise Capital|
|Investor-Preferred Entity Type|
|State Reports Due Periodically|
|Requires Annual Meetings|
|Owners Can Make Company Decisions Quickly|
|Can Elect to be Taxed as S-Corp|
|Can Elect to be Taxed as C-Corp|
|Possible Corporate Tax Exemptions|
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:
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:
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