Business Formation
We help you launch your company the right way – with expert guidance every step of the way.
• Business Name Availability Check
• Drafting of All Required Documents
• Business Bank Account Setup
• State Formation Filing
• Post-Formation Compliance Support
Starting C-Corporation
If you’re thinking about forming a C-Corporation, its important to understand the benefits. C-Corps are great for scaling, raising capital, and separating business risk- but not every entrepreneur needs one.
C-Corporations are ideal for business owners planning to raise outside investment, issue stock, or build a long-term legacy company. They offer robust liability protection, structured correctly.
C-Corporation (C-Corp) is legal business structure that’s completely separate from its owners.
Unlike an LLC or Sole proprietorship, a C-Corp can raise money by selling shares, hire employees under the company name, and continue to exist even if the owner changes.
It’s a Separate Legal Entity
When you form a C Corporation, it becomes its own “person” in the eyes of the law. This means the business can:
• Own property
• Sign contracts
• Get sued or sue
• Pay its own taxes
Starting LLC
1.Personal Asset Protection
An LLC separates your personal life from your business. That means your car, home, or savings can’t be touched if your business is ever sued or goes in debt.
2.Easy to Start & Run
Compared to corporations, LLCs are much easier to set up. There’s less paperwork, fewer rules, and you don’t need a board of directors or regular meetings
3.Tax Flexibility
LLCs don’t pay business taxes directly. Instead, profit ‘pass through” to your personal income- avoiding double taxation. You can even choose to be taxed as an S-Corp if it benefits you.
4.One or More Owners Allowed
You can run your LLC solo (called a single-member LLC) or with partners (multi-member LLC). Everyone’s shares can be customized in the operating agreement
5.Great for Business Credit
LLCs can build business credit, open business bank accounts, and apply for funding- all under the company’s name, not yours
Starting a Nonprofit
1. It's Still a Real Business
Nonprofits have legal paperwork, tax filings, boards of directors, and compliance rules – just like any other mission comes first, not profit.
2. You Don't "Own" it
You can control and lead a nonprofit, but you don’t technically own it. The organization exists to serve the public or a specific group -not to benefit you personally. Everything you build stays with the nonprofit, not you.
3. You Can Get Tax-Exempt Status (501(C)(3),ETC)
When approved by the IRS, nonprofits can become tax-exempt, meaning they don’t pay federal income tax on donations or mission-related revenue. However, you will need to file detailed paperwork (Form 1023 or 1023-EZ) and adhere to strict rules.
4. You Can Still Pay Yourself a Salary
Just because it’s a nonprofit doesn’t mean you should work for free. Founders and team members can earn reasonable salaries — as long as they align with the work being done and the nonprofit’s budget.
5. There Are Different Types of Nonprofits
Not all nonprofits are the same. Some are:
• 501(c)(3) – Charities, churches, education, etc. (donations are tax-deductible)
• 501(c)(4) – Social welfare and advocacy groups
• 501(c)(6) – Business leagues and chambers of commerce
Each type has different rules, benefits, and purposes.
Eluntra is not a law firm and doesn’t give legal advice. Using our products and services is subject to our Terms of Service and Privacy Policy. Information you share with Eluntra isn’t protected by attorney-client privilege.
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