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About MyCorporation.com
MyCorporation offers a variety of services to maintain your business - from entity formation, trademark & copyright registrations to appointment of agents; from getting your Federal EIN number to helping you stay in compliance with annual reports. MyCorporation is a division of Intuit Inc. Intuit Inc. is the leader in business and financial management solutions for small- and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks ®, Quicken ® and TurboTax ® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing.
Benefits of Incorporating
Protect your Personal Assets - Without setting up a legal entity for your business, like a corporation or LLC, your personal liability for business debt is unlimited. Forming a corporation or LLC for your business can shield creditors from your personal property. Save Money on Taxes - If you set up a corporation for your business, only the salary you pay yourself rather than the entire business profit is subject to self employment tax. Another tax benefit of forming a corporation is that select medical and childcare costs may be deductible, which cannot be deducted as a sole proprietor. Reduce your Chance of Tax Audit - Statistics show that a business operating as a sole proprietor is more likely to be audited by the Internal Revenue Service than a business operating as a corporation. Look and Feel Professional - Corporations, LLCs, and other legal entities can be a sign of credibility, professionalism, and trust.
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