TrueBuild Corporate Credit Program

Get perfect business credit, separate from your personal with the LARGEST Corporate Credit Building Program ANYWHERE!

 

Corporate Credit

Learn how to establish business credit, why it is so important, and how we can help you.
 

Business Structures

Learn the best business structures to use when you apply for credit.
 

 
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Business Structures

*Update* If you need to get incorporated we have set up a separate site for you to do so quickly and easily at the least expensive price possible, we are here to help you build business credit not make money on simple incorporation services. Please See http://corpcomply.com

What business structures are available for your business?
 

bullet Sole Proprietorship
 
bullet General Partnership
 
bullet Limited Partnership
 
bullet S Corporation
 
bullet C Corporation
 
bullet Limited Liability Company (LLC)

Sole Proprietorship

The simplest form of business in which a sole owner and his business are not legally distinct entities; the owner is usually liable for business debts.

General Partnership

A partnership in which there are no limited partners, and each partner has managerial power and untitled liability for partnership debts.

Limited Partnership

The limited partnership has limited and general partners. The general partners manage the business and are individually liable for the debts of the partnership. The limited partners are limited in the amount they can lose by the amount of money they invested in the partnership.


S-Corporation

A corporation that is eligible, and does elect to be taxed under the Subchapter S of the Internal Revenue Code. Basically, shareholders pay tax on the corporation's income by reporting their pro rate shares of pass-through items on their own individual income tax returns.

Corporation

A corporation is an organization authorized by state law, to act as a legal entity distinct from its owners. A corporation has it's own name, and has it's own powers to achieve legal purposes, and therefore, is a separate legal entity.

Limited Liability Company (LLC)

The LLC is a hybrid between a corporation and a limited partnership. LLC's provide protection from personal liability, just as corporations do, and yet LLC's receive the tax treatment of limited partnerships, or a C corporation, whichever the members of the LLC desire

Business Structures

The best structure for building business credit is one that will:

bullet Separate you from your business.
 
bullet Has it's own tax identification number.
 
bullet Separates the debts of the business from that of the owners/officers.

 
The business structures that will do this are:
 
bullet C Corporation
 
bullet Limited Liability Company (LLC)
 
bullet S Corporation
 
This is not to say that building business credit can not be accomplished with a sole proprietorship or partnership but in the end it will be limited.

Benefits of a corporation 

The benefits of a S corporation, C corporation or LLC:
 
bullet Limits personal liability of officers and owners.
 
bullet Ability to separate personal and business credit, leveraging both.
 
bullet Protection of personal assets from the business.
 
bullet Protection of corporate assets from the owners and officers.
 
bullet Build a separate business credit profile, with professional help fast.
 
bullet Easier to raise capital.
 
bullet Easier to solicit investors.
 
bullet Lower tax liability.
 
bullet Corporate Image.
 
bullet Lower risk of IRS audit.
 

When is the best time to incorporate?

The best time to incorporate is when your business
 
bullet Is a high liability business.
bullet Has over $25,000 per year in sales
bullet Wants to take advantage of the many tax benefits of a corporation.
bullet Wants to utilize the many retirement plans for officers/owners.
bullet When an Entrepreneur wishes to use business instead of personal credit

(The above criteria is only a guideline)

Business Structures

When to use a S Corporation :
 
bullet When the owners live in a state with no personal state income tax.
 
bullet Have one or two individuals who own the company. (Can be as many as 35)
 
bullet Have sales less than $250,000.

 
When to use a C Corporation :
 
bullet When the owners live outside the country.
 
bullet When the owners live in a state with a state income tax.
 
bullet When several individuals are involved in the ownership.
 
bullet When other entities are in involved in the ownership.
 
bullet Have sales greater than $60,000.

 
When to use a Limited Liability Company - LLC
 
bullet Any partnership.
 
bullet Owning real estate for investment purposes.
 
bullet Have several entities that own the business.
 
bullet Looking for complete protection of the owners personal liability.
 

Corporate Compliance Network, Inc.

For a simple $48 (Plus state filing fees) as a member of TrueBuildSM Business Credit Program...

bullet Insure your Corporation is done correctly with Business Credit Building in mind.
 
bullet Name availability check
 
bullet Expedited filing of your formation documents
 
bullet Certified copy of your Articles of Incorporation or Organization
 
bullet EIN number assistance (Never $79 or more for a link to the IRS)
 
bullet Customizable operating agreements, forms and bylaws
 
bullet Corporate or LLC kit
 
bullet Registered agent services / Foreign Qualifications Filing available in any state (optional)

To learn more login to the members area or click http://corpcomply.com


Ready to get Started?

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