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Corporate Attorney in Connellsville, PA
Margaret Zylka House, Attorney at Law
Forming a Corporation
With Attorney House in Connellsville, PA
If you need a corporate attorney in Connellsville, PA, talk to Margaret Zylka House, Attorney at Law. Starting a corporation is easy with our experienced attorney, because she will work with you every step of the way. There are two different types of corporations with their own sets of advantages and disadvantages; C Corporations and S Corporations. When it comes to taxation, liability, and ownership, each has their own benefits and pitfalls. Our business law attorney can help you to determine which type of corporation might work best for your business and its financial and practical needs. With a consultation at our law office in Connellsville, you can determine which kind of corporation is right for you.
Learn About the Benefits
of a C Corporation for Mount Pleasant, PA
Whenever you file articles of incorporation, your business automatically becomes a C corporation. Whether you plan to remain as a C corporation or not is up to you, but you can determine the benefits and pitfalls of doing so. One of the major benefits of operating as a C corp is the unlimited ownership possibilities. You can have as many owners or shareholders as you want with a C corp, and the paperwork to incorporate is less strenuous compared to S corporations. Some downfalls include double taxation and precise responsibilities surrounding shareholder and board meetings. Talk to Attorney Margaret Zylka House near Mount Pleasant, PA, for more information on the benefits and downfalls of C corporations.
S Corporations Offer Pass-Through Taxation
for Small Businesses
When comparing S corporations to C corporations, the greatest benefit to the former in many cases is “pass-through” taxation. Much like an LLC, the taxes pass through from the business to their owners, meaning that they only require payment once. While this is a great benefit to S corps, there are limitations when it comes to ownership. S corps can only have up to 100 shareholders, one classification of stock, and all shareholders must be U.S. citizens. Talk to Attorney House for more information on the advantages and disadvantages of S corporations. Contact Margaret Zylka House, Attorney at Law, for a consultation with our corporate attorney in Connellsville, PA.