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Incorporating
C-Corp Filing
C-Corporation Application
/ GA filing
Requirements and fees vary by state.
Package includes:
- Consulting/Administrative Fees
- 1-Hour Consulting Service
- Name Reservation
- Articles of Incorporation
- Letter of Intent
- Corporate Kit
- Federal Filing Fees
- 7-10 Days Turnaround
- Shipped Priority Mail
- FEIN Federal Employer Identification Number Optional
Disclaimer: Crim Group is not an attorney or law firm and does not provide legal advice. This information is for educational purposes only and should not be considered legal advice. We offer Legal Document Preparation services at the specific direction of our clients.
C - Corporations
A C-Corporation (C-Corp) is the most common type of corporation, though it may not be the best fit for every small business. C-Corporations provide limited liability protection, meaning shareholders are generally not personally responsible for business debts or liabilities.
A C-Corp is governed by a board of directors and may operate under a fictitious name, also known as a DBA (Doing Business As). C-Corporations are subject to double taxation—once at the corporate level and again on dividends paid to shareholders. However, they may offer certain tax advantages, including broader deductions for employee benefits, making them attractive to growing businesses.
A C-Corporation—often referred to as a “general” or “traditional” corporation—is one of the oldest and most common business entities. It is a separate legal and tax entity from its owners. Shareholders are not personally responsible for the corporation’s obligations and are treated as employees rather than owners for operational purposes.
C-Corp Advantages
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Limited Liability
Like all business entities, forming a C Corporation provides owners with limited personal liability. Unless a shareholder makes a personal guarantee, they are generally not personally responsible for the company’s debts or obligations.
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Oldest Form of Business Entity
Because the C-Corporation is the oldest form of business entity, the laws governing it are well established and supported by extensive legal precedent. This provides greater clarity and predictability when legal issues arise.
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Perpetual Existence
Unlike an LLC, a C Corporation can exist indefinitely and is not affected by changes in ownership, including the departure or death of a shareholder.
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No Stock or Ownership Restrictions
Unlike an S-Corporation, a C-Corporation has no restrictions on ownership or stock structure. It may issue any number of shares, owned by an unlimited number of individuals or entities. C-Corporations can also create multiple classes of stock, including preferred shares reserved for specific investors or owners.
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Easy Transfer of Ownership
Because ownership is represented by shares of stock, ownership interests can be transferred easily through the sale or transfer of those shares.
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Attractive to Investors
The ease of transferring ownership makes C-Corporations the preferred structure for many investors, including angel investors and venture capital firms. Businesses formed under another entity type may need to convert to a C-Corporation before securing outside investment.
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Self-Employment Taxes
Because owners of a C-Corporation are treated as employees, the business is not subject to self-employment taxes in the same way an LLC typically is.
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Profit Reinvestment
When profits are reinvested into the business rather than distributed, they are taxed only at the corporate level and do not need to be reported on the owner’s personal income tax return. In many cases, the corporate tax rate may be lower than an individual’s personal tax rate.
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Tax Splitting
Business owners may choose to reinvest a portion of company profits while distributing the remainder as dividends. This flexibility allows owners to balance personal and corporate tax exposure and potentially optimize overall tax efficiency.
C-Corp Disadvantages
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Record-Keeping Requirements
Unlike LLCs, C Corporations must comply with formal governance requirements, including adopting bylaws, holding shareholder and board meetings, and filing annual reports. These obligations can be time-consuming, particularly for small businesses.
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Double Taxation on Dividends
While officers may receive a reasonable salary, profits not reinvested in the business are distributed as dividends. Because these profits are taxed at the corporate level and again on shareholders’ personal tax returns, dividends are subject to double taxation.
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Accumulated Earnings Tax
Although profits may be reinvested into the company, excessive accumulation of earnings without a clear business purpose may trigger an accumulated earnings tax.
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Complexity
Due to the reporting, compliance, and record-keeping requirements, many C Corporations require assistance from financial or legal professionals to remain compliant, which can increase operating costs.
Non-Profit Organization
A nonprofit corporation is an organization formed for purposes other than generating profit. Like for-profit corporations, nonprofits provide limited liability protection, meaning the personal assets of directors and officers are generally protected from the organization’s debts and liabilities.
Non-Profit 501c3 Advantages
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Limited liability Protection
Directors and officers are typically not personally responsible for the nonprofit’s debts and liabilities.
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Tax-Exempt Status
Nonprofits can apply for both federal and state tax-exempt status.
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Access to Grants
Some nonprofits are eligible to receive public and private grants, making it easier to get operating capital.
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Tax-Deductible Donations
With 501(c)(3) nonprofits, donations made by individuals to the nonprofit corporation are tax-deductible.
IRS Filings
Federal EIN
/ Employment ID#
If your organization is already incorporated, we can help you obtain your EIN. We prepare and file Form SS-4 with the IRS, making the process simple, fast, and stress-free.
Package includes:
- Administrative Fees
- 1-Hour Consulting Service
- IRS SS-4 Form
- Federal Filing Fees
- IRS 24-48 Hours Turnaround
- Rush Turnaround Optional
IRS 1023 Application
/ 1023 filing
If your organization is already incorporated as a nonprofit, this service helps you obtain tax-exempt status.
Package includes:
- Administrative Fees
- 1-Hour Consulting Service
- Amendment Articles of Incorporation
- Schedule Attachments
- 3-year Estimate Budgets
- Bylaws
- Conflict of Interest Policy
- Federal Filing Fees
- IRS 14-21 Turnaround
- IRS Approval 90-180 Days
- Priority Mail Optional
Non-Profit 501c3
/ 501(c)(3) filing
Non-Profit formation with tax exempt status.
Package includes:
- Administrative Fees
- 1-Hour Consulting Service
- FEIN Number
- Name Reservation
- Letter of Intent
- Non-Profit Application $495
- Articles of Incorporation
- 1023 Application
- Corporate Kit
- Federal Filing Fees
- IRS 14-21 Turnaround
- IRS Approval 90-180 Days
- Priority Mail Optional
- 3-Year Estimate Budgets Optional
- Conflict of Interest Policy Optional
- Bylaws Optional
S-Corp
S-Corporation Application
/ GA filing
Requirements and fees vary by state.
Package includes:
- Consulting/Administrative Fees
- 1-Hour Consulting Service
- Name Reservation
- Articles of Incorporation
- Letter of Intent
- Corporate Kit
- Federal Filing Fees
- 7-10 Days Turnaround
- Shipped Priority Mail
- FEIN Federal Employer Identification Number Optional
Disclaimer: Crim Group is not an attorney or law firm and does not provide legal advice. This information is for educational purposes only and should not be considered legal advice. We offer Legal Document Preparation services at the specific direction of our clients.
S - Corporations
The C Corporation is the standard corporation, while the S Corporation is a corporation that has elected a special tax status with the IRS, defined under Sub-chapter S of the Internal Revenue Code. To elect S Corporation status, Form 2553 must be filed with the IRS, and all S Corporation requirements must be met.
Despite this difference, C Corporations and S Corporations share several key features:
S-Corp vs C-Corp Similarities
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Limited Liability Protection
Both types provide limited liability, meaning shareholders are generally not personally responsible for the corporation’s debts or obligations.
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Separate Legal Entities
Both C Corporations and S Corporations are distinct legal entities created through state filings.
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Filing Documents
Formation requires submitting Articles of Incorporation (or Certificate of Incorporation) to the state. Both entity types have shareholders, directors, and officers. Shareholders own the company and elect the board of directors, who oversee corporate decisions. Directors appoint officers to manage day-to-day operations.
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Corporate Formalities
Both must comply with corporate requirements, including adopting bylaws, issuing stock, holding shareholder and director meetings, filing annual reports, and paying required fees.
S-Corp vs C-Corp DIfferences
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Taxation
C Corps are separate taxable entities. They file Form 1120 and pay taxes at the corporate level. Distributing profits as dividends may result in double taxation, as dividends are taxed again on shareholders’ personal income.S Corps are pass-through tax entities. They file an informational return (Form 1120S), but income is not taxed at the corporate level. Profits and losses pass through to shareholders and are reported on their personal tax returns.
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Personal Income Taxes
Both C and S Corps require owners to pay personal income tax on any salary drawn from the corporation, but dividends are also taxed for C Corp shareholders
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Corporate Ownership
C-Corporations have no restrictions on the number or type of shareholders. They can issue multiple classes of stock, providing flexibility for growth, investment, and ownership structure. On S Corporations ownership is limited to 100 shareholders, who must be U.S. citizens or residents. S Corps cannot be owned by other corporations, partnerships, LLCs, or most trusts. S Corps may only issue one class of stock (ignoring voting rights), which can limit flexibility for expansion or investment.
Expedited Processing
Expedited filing services are available for Domestic and Foreign Corporations, Limited Partnerships, and Limited Liability Companies submitting documents to the Georgia Secretary of State.
Documents submitted for expedited processing will be reviewed, and a filing response—confirming whether the document has been accepted or rejected—will be provided to the filer or designated contact within the timeframe associated with the selected expedited service level.
Expedited fees are in addition to standard filing fees for the document or service requested. Expedited processing is conducted during normal business hours only and excludes weekends and state holidays.
Important: We require name, email, and phone number of person authorized to make corrections and answer questions regarding the filing.
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Regular Expedited Service - $200
Review completed and response sent within 48 hours of receipt (excluding weekends and state holidays).
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Same-Day Expedited Service - $500
Review completed and response sent the same day.
Requests must be received by noon on a business day; documents received after noon will be processed by noon the following business day.
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One-Hour Expedited Service - $1,500
Review completed and response sent within one hour of receipt.
Service available on business days between 9:00 a.m. and 4:00 p.m.
Requests received outside these hours will be processed the next business day starting at 9:00 a.m.
LLC
LLC Application
/ GA filing
Requirements and fees vary by state.
Package includes:
- Consulting/Administrative Fees
- 1-Hour Consulting Service
- Name Reservation
- Articles of Incorporation
- Letter of Intent
- Corporate Kit
- Federal and State Filing Fees
- 7-10 Days Turnaround
- Shipped Priority Mail
- FEIN Federal Employer Identification Number Optional
Disclaimer: Crim Group is not an attorney or law firm and does not provide legal advice. This information is for educational purposes only and should not be considered legal advice. We offer Legal Document Preparation services at the specific direction of our clients.
Limited Liability Company - LLC
LLCs provide limited liability protection to their owners, called members. Typically, members are not personally responsible for the company’s debts or obligations, so creditors cannot pursue personal assets. Unlike corporations, LLCs cannot issue shares or elect a board of directors.
Advantages of Forming an LLC
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Limited Personal Liability
Members are generally protected from the company’s debts and obligations, except in cases where they’ve signed a personal guarantee.
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Pass-Through Taxation
LLC earnings are reported on members’ personal tax returns, avoiding double taxation at the corporate level.
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Ownership Flexibility
LLCs can have unlimited members, including individuals, corporations, foreign entities, or other LLCs.
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Disproportionate Profit Distribution
Profits and losses can be distributed flexibly, independent of ownership percentages.
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Relaxed Reporting Requirements
LLCs face fewer corporate formalities, with less paperwork and no requirement to hold annual meetings or maintain minutes.
LLC Disadvantages
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Limited Appeal to Outside Investors
LLCs may not be ideal for businesses seeking venture capital or rapid growth. Many companies convert to C Corporations to attract investors.
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Varied Treatment Across States
LLC rules differ by state, which can create inconsistencies for businesses operating in multiple states.
Limited Life: LLCs may have a finite lifespan depending on state laws, and membership changes (like a member leaving) can trigger dissolution.
Not Available for Certain Businesses: Some industries, such as banks and insurance companies, cannot form LLCs.
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Limited Life
LLCs may have a finite lifespan depending on state laws, and membership changes (like a member leaving) can trigger dissolution.
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Not Available for Certain Businesses
Some industries, such as banks and insurance companies, cannot form LLCs.
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