For
Dalaware
*
Includes
Publishing
Costs
**
Fee
if
company
will
have
under
$1M
in
assets
***
$800
tax
billed
by
State
within
90
days
#
Initial
list
$165
due
within
60
days
of
intitial
filing.
##
Plus
publishing
requirements
determined
by
County
Clerk
Fees
Subject
to
change
GENERAL
("C")
CORPORATION
-
Most
common
type
of
corporation
which
allows
for
an
unlimited
number
of
stockholders.
This
type
of
entity
may
raise
capital
by
the
issuance
of
stock
.
CLOSE
CORPORATION
-
This
type
of
entity,
where
available,
limits
the
number
of
stockholders
to
approximately
30.
The
stock
of
a
close
corporation
cannot
be
publicly
traded
and
there
are
some
limitations
on
the
transfer
of
stock.
"S"
CORPORATION
-
A
general
corporation
may
elect
to
become
an
S
corporation
by
preparing
IRS
form
2553
(included
in
our
corporate
kit).
The
corporation
must
make
the
election
within
75
business
days
of
the
date
of
incorporation
in
order
to
elect
that
tax
year.
S
corporations
avoid
double
taxation
because
the
profits
and
losses
are
reported
on
the
personal
tax
returns
of
the
shareholders.
Recently,
the
maximum
number
of
shareholders
of
an
S
corp.
was
increased
from
35
to
75.
There
are
some
restrictions
with
an
S
corp.
so
we
encourage
that
you
seek
advice
of
an
accountant
or
solicitor
before
making
the
Selection.
LIMITED
LIABILITY
COMPANY
(LLC)
-
The
newest
type
of
structure
which
is
now
available
in
all
50
states
including
the
District
of
Columbia.
The
LLC
combines
the
pass
through
taxation
advantages
of
a
partnership
or
S
corp.
and
the
limited
liability
aspect
of
a
corporation.
The
main
differences
between
the
LLC
and
the
corporation
is
that
LLC's
cannot
have
or
issue
stock
and
in
some
states
the
LLC
can
only
exist
for
a
maximum
of
30
years.
NON-PROFIT
CORPORATION
-
A
corporation
that
is
restricted
from
having
or
selling
stock.
Any
income
or
profit
cannot
be
passed
to
the
directors,
officers
or
members.
A
non-profit
seeking
tax
exempt
status
must
apply
with
the
IRS.
We
recommend
that
you
seek
assistance
from
an
solicitor
or
accountant
when
applying
for
tax
exempt
status.
*We
prepare
generic
non-profit
Articles
of
Incorporation
and
therefore
recommend
that
your
solicitor
or
accountant
prepare
the
incorporation
documents
so
that
it
meets
the
IRS
requirements
under
Section
501
(c)(3).
The
above
information
is
general
in
nature.
We
recommend
speaking
to
an
solicitor
or
accountant
to
find
out
what
structure
is
best
suited
for
your
business.
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