Incorporating your business can protect your personal assets from creditors and lawsuits, and there are other advantages to incorporating your business.  A corporation provides more credibility since consumers, vendors and others may elect to do business with an incorporated business.  Also, a corporation avoids double taxation of corporate profits and dividends by electing a Subchapter S tax status.  The corporate business structure provides greater business flexibility and makes it easier to seek outside investment.
     
Limited Liability Company Overview:  Limited Liability Companies (LLC) carry many benefits for both the business owner and those with personal assets such as real estate investments the owners wish to protect legally.  When structured properly, an LLC like a corporation protects your assets, but without the need for corporate maintenance.  An LLC can elect to be taxed as an "S" corporation, a “pass thorough” entity or a partnership.   This type of entity is fast becoming the most popular form of business.

All business can benefit from incorporating.  The benefits include:
• Personal Asset Protection
• Additional Credibility
• Name Protection
• Perpetual existence
• Tax flexibility
• Deductible expenses

LCPE will assist you in understanding your options and can work closely with your CPA to provide you with the legal entity that best meets your business needs.  We can form your LLC in 3 simple steps.

A corporation is required to prepare Annual Corporate Minutes and file an Annual Report with the Arizona Corporation Commission.