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The Absolute Beginner's Guide to Corporate Structures
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Pasan Premaratne
March 04, 2013
Business
0
87
The Absolute Beginner's Guide to Corporate Structures
All the basics on creating a business entity in the United States.
Pasan Premaratne
March 04, 2013
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Transcript
The Absolute Beginner’s Guide to Corporate Structures @pasanpr Pasan Premaratne
None
I’m not a lawyer
This is not legal advice
Business Structure •Details on structure •Forming the structure •Advantages &
Disadvantages •When does it apply to you? @pasanpr Overview
•Sole Proprietorship •Corporation •Sub Chapter S Corporation •LLC @pasanpr Business
Entities •Not covering Partnerships
Why Delaware? •Well Established Laws •Judges •Precedence •Costs Less @pasanpr
Delaware
@pasanpr Sole Proprietorship •Owned by one person •You could already
be one •Doing Business As name
If you want to operate under a different name, you
can file a DBA
@pasanpr Sole Proprietorship •Owned by one person •You could already
be one •Doing Business As
@pasanpr Sole Proprietorship Advantages Sole Owner Easy taxes Disadvantages No
liability protection Can’t raise funding
When should you file as a sole proprietorship?
Rarely
@pasanpr Corporations •Independent legal entities •Owned by their shareholders •Unlimited
lives
None
@pasanpr Corporations •What is a registered agent? •Who can be
a registered agent? •How do I find a registered agent?
None
@pasanpr Corporations Stock •Authorized Shares •Par Value •Issued Shares
@pasanpr Corporations Advantages Limited Liability Tax Treatment Raising funding Employee
incentives Disadvantages Costs Double Taxation Additional Paperwork
When is a corporation good for you?
@pasanpr S-Corp •What is an S-Corp? •Formation •IRS stipulations
@pasanpr S-Corp Advantages Tax Savings Disadvantages Raising Capital Shareholder Compensation
When should you go for an S- Corp?
@pasanpr LLC - Limited Liability Company •What is an LLC?
•Hybrid company •Limited liability •Pass through federal tax treatment
None
@pasanpr Operating Agreement LLC Operating Agreement •Ownership Interests •Governing Principles
•Financial Obligations •Allocation of Profits
@pasanpr LLC Taxes •Single member LLC •Multiple member LLC •Filing
as a corporation •Combination of an LLC and S-Corp
@pasanpr LLC Advantages Limited Liability Operational Ease Profit Sharing Disadvantages
Self Employment Taxes Limited Life
When should you go for an LLC?
@pasanpr Selecting A Corporate Structure •How many owners will there
be? •How will the earnings be distributed? •Will the business generate profits or losses early on? •Will the business raise funding?
Questions? @pasanpr