Posts by Incfile Team

Are Non-U.S. Residents Allowed to Own a Corporation or LLC?

There are no citizenship or residence requirements for ownership of a C Corporation or an LLC. The S Corporation however does not allow nonresident aliens to be shareholders (owner), but any US citizen or resident alien may be a shareholder (owner). You would, of course, require an in state street address for the state to […]

What Steps Need to be Taken to Form a Nonprofit Corporation?

You must incorporate the nonprofit organization in your particular state, which consists of filing your organization’s articles of incorporation with the state. It is important that your organizing documents contain the required language and specific clauses, such as a detailed exempt purpose statement, to ensure that your nonprofit will meet the requirements to qualify for […]

How Long will it Take to Form my Company?

Every state is different in their processing times, but follow this link to see the approximate filing times, both standard and expedited, for your state.NOTE: All filing times shown are in addition to mailing time, which varies depending on the level of mailing speed selected for your order.

LLC vs. S Corporation

S-Corporation vs LLC: Which Is Best for Your Business?   For many business owners, selecting the right entity comes down to a choice between the Limited Liability Company (LLC) and the S-Corporation. These are the two most common forms of small business incorporation, with S-Corporations, or S-Corps, being the most popular business entity in America. […]

Forming a Nonprofit Corporation

Forming a Nonprofit Corporation will not only make you more accessible to potential donors. It will can your organization credibility and help you protect your personal assets, too. Unlike a for-profit Corporation, a Nonprofit Corporation is not designed to make a profit for shareholders. Instead, it is established for a specific noncommercial purpose, such as […]

What is an LLC (Limited Liability Company)?

A limited liability company (LLC) is a form of business entity that is separate and distinct from a person, like a corporation. The LLC is often described as hybrid between a corporation and a partnership (or sole proprietorship). It allows for the limited liability protection similar to that of a corporation (i.e. your risk is […]

Massachusetts bill cuts small business insurance costs

The Massachusetts Senate has passed a bill aimed at cutting health insurance costs for small businesses. The bill allows companies with 50 or fewer workers to form cooperatives, helping them purchase health insurance at lower costs. It also requires insurance companies to justify any hikes in premiums. In addition, the legislation contains a provision that […]