What are the filing requirements for different business structures?

What are the filing requirements for different business structures?

The filing requirements vary by business structure. For example, LLCs typically need to file Articles of Organization, while corporations must file Articles of Incorporation. Would you like details on a specific structure?

Yes, can you tell me more about LLCs?

Sure! To form an LLC, you usually need to file Articles of Organization with your state, pay a filing fee, and create an operating agreement. Some states also require an annual report. Do you need information on a specific state?

What about corporations?

For corporations, you need to file Articles of Incorporation, appoint a board of directors, and create bylaws. Additionally, corporations often have ongoing requirements like annual meetings and reports. Would you like to know about the tax implications?

Yes, please explain the tax implications for LLCs and corporations.

LLCs are typically pass-through entities, meaning profits are taxed on the owners' personal tax returns. Corporations, on the other hand, face double taxation—once at the corporate level and again on dividends paid to shareholders. Would you like to explore tax strategies?