The Great State of Pennsylvania is know for historic battlefields from the Civil War. This is the war that set our country on a great path by the Northern armies being triumphant over the South. There are great generals who fought in the war, General Lee, and General Grant. The State of Pennsylvania is a progressive state that has gone on to be the home of many great people and many great businesses. A reason for this success is having a good corporate structure for which you can setup a business entity. The benefits of setting up an entity are:
Let's follow on now to talk about the LLC and Corporations
When forming an LLC in Pennsylvania, you will want file either online, or Articles of Organization. The Articles that you must file need to have certain fields or information contained on them. This process isn't hard if you follow what is required, but you can make mistakes so please follow our tips carefully.
Forming your first business can be both exciting and stressful. The goal of our site is to help ease your apprehension with self filing either online or in paper form.
The corporate entity is a very popular form of entity that can be filed in two different ways. The first is the C-corporation and the second is the S-Corporation. The C-Corporation is exciting because this is what many of the largest companies in the United States using for their public companies. The C-corporation is a stand alone entity, which means the corporation is ultimately responsible for writing the check for any taxes due. So, no shareholder, or owner, is essentially responsible for writing a personal check for the taxes due. The S-corporation on the other hand is by default a pass through entity, similar to an LLC.
To find a corporation name in Penn, you will need to use the online forms and searching tools provided by the state. It is really quite easy but there are some tips that we can suggest for you. When you search you are going to have to look for names that are not confusingly similar. If the name is too similar, maybe with online a character different, or it sounds the same, the state may reject this name. You will need to make sure that when you file the name that it is totally unique and not already registered by another company. Lastly, one of the following endings must be included for the company: