PPMKTAX – Business Incorporation

mmahajan@ppmktax.com / mmahajan@verizon.net +1 (732) 452-9381

Business

Business Set Up & Incorporation

	Sole Proprietorship	General Partnership	Limited Partnership	C Corporation
Limited Liability	No	No	Yes	Yes
Pass-through Tax Treatment 3	Yes	Generally yes	Generally yes	No
Difficult to Form/Maintain	No	Not very	Not very	Yes
Continuity of Life	No	No	No	Yes
Centralized Management	Yes	Generally no, but partners can elect a committee of managers	Yes	Yes
Interests Freely Sold/Transferred	Yes 5	Generally no	Generally no	Yes
Available in All States	Yes	Yes	Yes	Yes
Minimum Number of Owners	One	Two	Two	One

	S Corporation	Limited Liability Company (LLC) 1	Limited Liability Partnership (LLP)
Limited Liability	Yes	Yes	Yes
Pass-through Tax Treatment 3	Generally yes	Yes	Yes
Difficult to Form/Maintain	Yes	Somewhat	Somewhat
Continuity of Life	Yes	State law may limit LLC life to a set number of years 4	No
Centralized Management	Yes	Generally yes, since members can elect a committee of managers	The partnership agreement can centralize management
Interests Freely Sold/Transferred	Not to ineligible S shareholders	Yes, but transferee often has more limited rights unless all other members approve of a sale/transfer	No
Available in All States	Yes	Yes	No
Minimum Number of Owners	One	Generally two	Two

Business Incorporation Information Sheet

Name of Business Entity:

1.

2.

3.

Address of Business Entity:

Address:		State:
County:		School District:
City:		Type of Entity:
Zip:

Registered Agent : Mukesh Mahajan

Shareholders/Partners

First Name	Last Name	SSN	SHARE %
1.		- -	%
2.		- -	%
3.		- -	%
4.		- -	%

Address

Line 1	City	State	Zip

Principal Activity:
Number of employees expected in next twelve months:
Expected Date to Pay the first wages :
Has the applicant ever applied for ein:		Yes N o
If yes provide date of incorporation and EIN:
Name of principal officer:
Phone:	Day :
	Evening :
Email Address:

Captcha Number:

Type the above number: