Sign up for Insights
Join our insights program to receive updates about Why Pay A Lawyer, or information about our services.
Avail
LeeMaroon
 

Incorporating

Should I incorporate my business or form an LLC?
Corporations and LLCs are both excellent choices for business owners looking to minimize their personal liability. Each entity also offers distinct tax and business advantages. Choosing the right one depends on the specific needs of your business.

Corporations offer personal liability protection for officers and shareholders, tax savings, and increased opportunities for raising capital. Corporations are also required to perform certain formalities such as holding annual meetings and keeping detailed corporate records (minutes). With WPAL  you can choose to incorporate as either a C or S corporation.



Limited Liability Companies (LLCs) offer the same personal liability protection as a corporation, but with fewer of the corporate formalities. They typically are not required to hold formal meetings or keep detailed corporate minutes. LLCs also offer great tax flexibility. Members can choose to be taxed as either a traditional corporation or as a "pass-through" entity.
 


To speak with one of our knowledgeable LLC Business Specialists, call us at 1-888-494-9729 (our phone hours are: Monday through Friday, 8 AM to 8 PM MST) or send us a message.
Learn More About Your Incorporating Options
C Corporation
 
S Corporation
 
Limited Liability (LLC)
  • Personal liability protection for shareholders, officers and directors
  • Taxed at corporate level
  • Formal meetings and corporate minutes
  • Annual state reports and fees
  • No membership restrictions
  • Learn more


 
  • Personal liability protection for shareholders, officers and directors
  • Income/loss passed directly to shareholders
  • Formal meetings and corporate minutes
  • Annual state reports and fees
  • Membership restricted to 100 shareholders
  • Learn more
 
  • Personal liability protection for members and managers
  • Income/loss passed directly to members
  • Option to be taxed as corporation or LLC
  • No annual reports or fees
  • No membership restrictions
  • Learn more



*The above information is for the state of Arizona. Other states may differ on some items.