Setting up the right type of corporation at the beginning is ultra important to your later tax savings, asset protection, and company growth. Tina T. Chiang Accountancy Corporation can help you choose and set up the right type of corporation by handling all the paperwork and filings, and provide guidance on corporate stock structure. Getting confused between what constitutes a large and a small corporation?
Here are the general criteria:
Large Corporations ¨C Large corporations are those with capital over one million dollars and having different types of shareholders such as individuals, trust, S-corporation, LCC, another C-corporation with over 500 employees, or an interstate division. They are allowed to offer interstate preferred stocks, common stocks, or a stock option plan.
Most large corporations are qualified under C-corporation. For this type of client, we strongly recommends a financial audit that helps strengthen its infrastructure and competitiveness. This audit service by Tina T. Chiang Accountancy Corporation also paves the road for IPO - the next stage of the company's expansion. Preparation of a C-corporation structure with Tina T. Chiang Accountancy Corporation is also critical to your tax saving plan and stock option setup. Tina T. Chiang Accountancy Corporation has all the expertise to help you with your corporation set-up plan from start to finish.
Small Corporations ¨C Small corporations are those with capital totaling less than one million dollars, and having simple shareholders or less than 100 employees. Small corporations can be a(n) C-corporation, S-corporation, LLC, partnership or joint venture and can only offer one class or multi-class stock. As different corporation types will result in different taxation brackets, it is in your best interest to have Tina T. Chiang Accountancy Corporation guide you to the right selection and setup.
Through an understanding of your company's goals, markets, and projected revenues, we can further assist you in setting up a corporate structure and management system that leads to healthy growth. Tina T. Chiang Accountancy Corporation also offers cost-effective services such as bookkeeping, installation, and training of accounting and tax software, setup of networked computer systems, etc. which also benefit the daily operations of small corporations.
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