How To Start A C-Corp

How to Start a C-Corp

A C-corp is a type of corporation that is a separate legal entity from its owners. This means that the owners of a C-corp are not personally liable for the debts or liabilities of the business. C-corps are also subject to double taxation, which means that the business is taxed on its income, and then the shareholders are taxed on any dividends they receive from the business. Below are steps and options for how to start a C-Corp in the United States.

You can start a C-Corp filing yourself by visiting the Secretary of State website of your State, researching your local rules and regulations, and following the instructions on how to form an appropriate business entity. You can also start a C-corps by reaching out to our Business Formation Specialists at Business🚀Rocket for assistance. The team at Business Rocket has the knowledge and experience to file the documents on your behalf so you get the most benefits from whatever business structure is needed for your business.

Steps to Start a C-Corp

Choose a business name.
File articles of incorporation with the secretary of state.
Hold an initial board of directors meeting.
Issue stock to shareholders.
Obtain an Employer Identification Number (EIN).
Open a business bank account.
Obtain business licenses and permits.
Set up accounting and bookkeeping systems.
Get business insurance.
Market and promote your business.

Benefits of Starting a C-Corp

Limited liability for owners
Ability to raise capital
Perpetual existence
Separate tax entity
Access to government contracts
Ability to sue and be sued

Conclusion

Starting a C-corp is a complex process, but it can be a good option for businesses that need to raise capital, have a long-term outlook, or want to be able to sue and be sued. If you are considering starting a C-corp, it is important to consult with an attorney and accountant to ensure that you are following all of the necessary steps.

Call to Action

If you are ready to start a C-corp, you can get started by following the steps outlined above. You can also find additional resources and information on the websites of the following organizations:

The United States Small Business Administration
The National Association of State Boards of Accountancy
The American Bar Association

List of States for starting a business:

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