For the savvy business person, the value of incorporating or forming an LLC are virtually endless and the team at Laughlin is here to help. Please call 1-800-648-0966, consultation are always complimentary.
Asset Protection. Probably the number one reason people form corporations or limited liability company's. Running a business shouldn't mean risking it all. Corporations and limited liability company's provide a level of liability protection all business owners should take advantage of.
Tax Savings. The advantage to structuring a corporation correctly is the increased tax benefits associated with being incorporated. By law, corporations are entitled to many tax deductions that are not available to individuals, sole proprietorships or partnerships. Corporations also have a lower federal tax than an individual. Those tax benefits can save you thousands of dollars, legally.
Lower IRS Audit Risk. Unlike sole proprietorships which are the highest audited business structures, corporations have a less than 2% chance of being audited by the IRS.
Increased Privacy. Certain states afford you more privacy than others (Nevada and Wyoming). There is no requirement for the names of stockholders to be filed in those states and you have the option of using nominee officers and directors. This enables you to keep you and your business dealings anonymous.
Credit and Capital. Lack of credit and insufficient capitalization are common sources of business failure every year. A corporation carries its own credit and can raise capital and secure credit with financial institutions more easily than private individuals or sole proprietorships.
Estate Planning. A corporation never dies; its existence is perpetual. That makes it easier to pass assets to your loved ones free from probate and hassles.
Corporate Lifestyle. A corporation allows for increased deductions. With a corporation, you can pay for your automobiles, travel, computers, your child's education, even VIP boxes and season tickets, all tax-free.
The overwhelming advantage of Laughlin Associates is that we are available to answer your questions personally for as long as you own your business. The availability and experience of our professional staff are just two reasons why referrals are our #1 source of new business! Our specialists are available to speak with you Monday through Friday, 8:00 a.m. to 5:00 p.m. Pacific Time.