Why You Should Incorporate Now And How To Do It!

[SallyRand]

Why you need to protect your income through a corporation NOW!

Remember, if your corporation shows little or no profit, you will owe LITTLE or NO tax! There are completely legal ways to keep your corporation BROKE and in an essentially tax-free position!

Ask me how!

Never mind asking, I'll just tell you how!

I can have a completely legal corporation set up for you within 24 hours of receiving payment and I offer the the best complete package price on the 'net! I accept PayPal, Western Union, MoneyGram, wire transfers, business and personal checks subject to clearance times.

C Corporations for US clients $299, including all filings, EIN (Employer Identification Number)1 year Resident Agent service, plus $25 shipping with Delivery Confirmation for hard documents. $399 for offshore clients, including 1 year Resident Agent service, EIN, plus $49.99 overseas shipping with tracking numbers.

JUST A FEW OF THE REASONS THAT YOU NEED TO INCOPORATE NOW!

(A long post but it contains very valuable and accurate information.)

Thanks for looking!

Hit me up!


AIM: Corpstopcare
ICQ: 628511787
Skype: onestopcorporationshop

Sally.


TAXES COMING TO YOU SOON!

On January 1, 2011, the largest tax hikes in the history of America will take effect.

They will hit families and small businesses in three great waves.

On January 1, 2011:

First Wave:

Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families.

These will all expire on January 1, 2011.

Personal income tax rates will rise.

The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).

The lowest rate will rise from 10 to 15 percent.

All the rates in between will also rise.

Itemized deductions and personal exemptions will phase out, which has the same mathematical effect as higher marginal tax rates.

The full list of rate hikes is below:

The 10% bracket rises to 15%

The 25% bracket rises to 28%

The 28% bracket rises to 31%

The 33% bracket rises to 36%

The 35% bracket rises to 39.6%

Higher taxes on marriage and family.

The "marriage penalty" (Higher tax brackets for married couples) will return from the first dollar of income.

The child tax credit will be cut in half from $1000 to $500 per child.

The standard deduction will no longer be doubled for married couples relative to the single level.

Dependent care and adoption tax credits will be cut.

The return of the Death Tax.

This year only, there is no death tax. For those dying on or after January 1, 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones. Think of the farmers who don?t make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money. Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they don?t have the cash sitting around to pay the tax. Think about your own family?s assets. Maybe your family owns real estate, or a business that doesn?t make much money, but the building and equipment are worth $1 million. Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash! That?s 55% of the value of the assets over $1 million! Do you have that kind of cash sitting around waiting to pay the estate tax?

Higher tax rates on savers and investors.

The capital gains tax will rise from 15 percent this year to 20 percent in 2011.

The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.

These rates will rise another 3.8 percent in 2013.

Second Wave:

Obamacare

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:

The "Medicine Cabinet Tax"

Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The "Special Needs Kids Tax"

This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.

There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education.

Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year.

Under tax rules, FSA dollars cannot be used to pay for this type of special needs education.

The HSA (Health Savings Account) Withdrawal Tax Hike.

This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Third Wave:

The Alternative Minimum Tax (AMT) and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise - the AMT won't be held harmless, and many tax relief provisions will have expired.

The AMT will ensnare over 28 million families, up from 4 million last year.

According to the Tax Policy Center, Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear.

Small businesses can normally expense (rather than slowly-deduct, or "depreciate") equipment purchases up to $250,000.

This will be cut all the way down to $25,000. Larger businesses can currently expense half of their purchases of equipment.

In January of 2011, all of it will have to be "depreciated."

Taxes will be raised on all types of businesses.

There are literally scores of tax hikes on business that will take place. The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced.

The deduction for tuition and fees will not be available.

Tax credits for education will be limited.

Teachers will no longer be able to deduct classroom expenses.

Coverdell Education Savings Accounts will be cut.

Employer-provided educational assistance is curtailed.

The student loan interest deduction will be disallowed for hundreds of thousands of families.


Charitable Contributions from IRAs no longer allowed.

Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA.

This contribution also counts toward an annual "required minimum distribution." This ability will no longer be there.

And worse yet?

Now, your insurance will be INCOME on your W2s!

One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the "new and improved" healthcare legislation . . . the dupes, er, dopes, who backed this administration will be astonished!

Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort.

If you're retired? So what... your gross will go up by the amount of insurance you get.

You will be required to pay taxes on a large sum of money that you have never seen. Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to your tax debt. That's what you'll pay next year.

For many, it also puts you into a new higher bracket so it's even worse.

This is how the government is going to buy insurance for the 15% that don't have insurance and it's only part of the tax increases.

Not believing this??? Here is a research of the summaries.....

On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001,
as modified by sec. 10901) Sec.9002 "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."

- Joan Pryde is the senior tax editor for the Kiplinger letters.
- Go to Kiplingers and read about 13 tax changes that could affect you. Number 3 is what is above.

MY ADDED COMMENTS!

LAST but far from least ? effective January 1, 2013 ? sell a property ? PAY A FEDERAL TAX of 3.8% on gross sales price. Doesn?t matter if you make a profit on sale, it is on GROSS not net.

Worse part of this from my perspective is as a new tax it is an ?opportunity? that the government can continue to exploit. No guarantee that the 3.8% won?t be increased in later years ? remember social security was never suppose to exceed 1%. And of course there is the second shoe ? since the Federal government is applying this tax, why not the State government too? As a potential source of large bucks, it may be too attractive for States to resist.

[SallyRand]

I found this article which may help you determine your preferred business model:

"Q: Do I really need to incorporate? All of you experts say I do, but please -- I run a nice little business out of my home in my spare time. I don't make a lot of money and really see no need to spend it incorporating. Where I am I wrong?

-- J.A.

A: Let me run a scenario by you:

Let's say that your "nice little business" is a cleaning service. You work for landlords, cleaning up recently vacated apartments, getting them ready for new tenants. One weekend, while working on a bathroom and cleaning up a place, you accidentally leave on a faucet while heading out to lunch. The ensuing water damage is about $2,500.

The problem is, the landlord does not want to file an insurance claim on such a small amount and therefore has decided to come after you for the damages.

If you are not incorporated, the landlord could sue you personally for the money, and you personally would be on the hook. And if you are unable to pay, the landlord could garner your wages, attach your bank account, put a lien on you house, or employ many other methods that would both make you life miserable and damage your personal credit.

By not incorporating, you put all of your personal assets and credit at risk and at the behest of your business. Is that risk really worth it?

On the other hand, if you had decided to form your small business as a corporation, the landlord would have no choice but to go after, or sue, the corporation, and not you. While your business assets and credit would be at risk, of course, your personal assets would be protected. The landlord could not legally go after your personal assets to pay the debt, only business assets.

You are protected.

So that is the primary reason any small business would want to incorporate: A corporation is a separate legal entity, standing apart from you. As such, it shields you from personal liability for business debts and obligations (for the most part).

That is not true when, like too many small-business owners, you form your business as a sole proprietorship or also, as a general partnership. Neither of those entities protect you with the "corporate shield" that a corporation affords you. Both of those put your personal assets at risk.

There are other advantages to incorporating as well:

There are tax benefits, depending upon the type of corporation you create
Your business will likely be taken more seriously by others
Corporations have unlimited life, whereas other business forms do not

CORPORATIONS OFFER THE TRUE OWNER ANONYMITY IF DESIRED

Ownership is more easily transferred with a corporation

The few downsides include:

The cost to incorporate -- but even then, using one of the internet-based incorporation services, incorporating can still be very profitable.

Complexity and record keeping

Overall, for most businesses, the benefits usually far outweigh the burdens, and given that, the next logical question would be -- which type of corporation is best? That is a tougher call because each small business is different, and each type of corporation offers different things:

An S Corporation is often the preferred business form for many small businesses. There are some tax benefits and other things to consider.

A C Corporation is often used by businesses that expect to grow large and want to be able to freely transfer and sell lots of shares.

Deciding which one is best for you will require further research on your part, but one of them should work. Speak with an attorney and read up on each choice.

The bottom line is that there really are very few small businesses that would not be better of by incorporating."


Steven D. Strauss is one of the nation's leading small-business experts. A USA Today columnist, author and speaker, his latest book is The Small Business Bible. If you would like Steve to speak to your group, or if you would like to sign up for his free newsletter, Small Business Success Secrets! please visit his website at MrAllBiz.com. You can also follow him on Twitter at Twitter.com/SteveStrauss."

Thanks for looking and hit me up!

Sally.

[SallyRand]

The Tax Implications of C Corporations

A C corporation is a legal entity that exists separately from its owners and is taxed as a separate entity. As a result, C corporations are subject to double taxation: the corporation pays income tax on its profits, but the shareholders must also report their dividends on their personal income-tax returns.

Double taxation is a major disadvantage of a C corporation, and it can take a major bite out of the corporation's profits and its shareholders' dividends. But you can minimize your tax exposure if you keep a few rules in mind:

Distributing corporate profits. In small privately held corporations, shareholders may also serve as the corporation's directors and employees. Employees are entitled to salaries, and the corporation can elect to pay enough in salary and bonuses so no taxable profits remain at the end of the fiscal year. As a result, shareholders will only pay individual income taxes.

Income splitting. The government taxes the first $75,000 of corporate profits at a lower rate than the individual owners' tax rates. Therefore, you may want to split your C corporation's income between yourself and the corporation. This allows you to pay taxes on the salary you pay yourself at your individual income rate, while the profits retained in the corporation are taxed at the lower corporate tax rate.

Using the ?dividends received? exclusion. C corporations can reap stock dividends from other unrelated corporations at a 30 percent tax rate. Therefore, it can be a smart move for your C corporation to invest in this manner, especially if you don?t need to take large dividends out of the company for a while.

Banking on losses. C corporations can take virtually unlimited capital and operating losses, which means the IRS will not scrutinize you if you report losses many years in a row. (The IRS is not so lenient with partnerships, sole proprietorships, and limited liability companies that declare similar losses.) You can also carry losses backward or forward and apply them against other tax years, allowing you to substantially reduce your tax bills.

Less auditing. A corporation that reports less than $100,000 of gross receipts per year is only one-third as likely to face an IRS audit as an unincorporated business with similar income.

C corporations also enjoy certain tax advantages associated with fringe benefits:

* Health insurance premiums for employees are 100 percent deductible. Sole proprietors and partnerships can only deduct 60 percent of their health insurance and long-term care insurance premiums.
* Your corporation can also implement a medical reimbursement plan that allows you to deduct medical expenses that insurance won't cover. Sole proprietors and partners cannot deduct medical expenses in this manner."

Food for thought.

Sally.

[pradaboy]

Is this only available to US residents?

[SallyRand]

Originally Posted by pradaboy

Is this only available to US residents?

I can incorporate in the USA for almost anyone World wide. There are a few prohibited countries on the State Department no-no list though.

Thanks for your inquiry.

Hit me up!

Sally.

[SallyRand]

In addition to the above mentioned incorporation services, I will soon be offering a payment solution which will not rely on any sort of credit card company receiving the initial deposits from sponsors.

I and several of my staff are presently working on pricing and details. Initiallly this service will be available only to offshore clients, that is, those not residing in the USA but will expand to include USA based marketers.

Sally.


A "Corporation C" will set you free!

AIM: Corpstopcare

ICQ: 628511787

Skype: onestopcorporationshop

[Supz]

What state will these companies be incorporated in?

[SallyRand]

Originally Posted by Supz

What state will these companies be incorporated in?

We incorporate in Kansas, which state does not require any kind of licensing, permits, insurance or any other special documentation for us to incorporate. Kansas does require a Resident Agent located in Kansas and we provide that service for one year. Our incorporation costs are the lowest on the internet now and since the ePassporte debacle, I know that guys and dolls out there are hurting, so we are offering complete Kansas incorporation with EIN to USA residents for $299 and for offshore clients, complete with EIN, $399! This represents a $100 discount across the board when compared to our regular price!

U.S. Domestic Shipping of documents, $24.95, International Shipping of documents, $49.99. Physical document shipping is required.

No I.D. verification is required, no Social Security Number, no passport scans or any other documentation is required.

We need only a physical mailing address to which to send your corporate documents.

For more details on incorporation in Kansas, take a look at our website:

Onestopcorporationshop.com

Hit me up if I can help!

AIM: Corpstopcare

ICQ: 628511787

Skype: onestopcorporationshop

Thanks for inquiring!

Sally.*

*We will also soon be offering US banking solutions for offshore clients only.

[SallyRand]

Originally Posted by SallyRand

We incorporate in Kansas, which state does not require any kind of licensing, permits, insurance or any other special documentation for us to incorporate. Kansas does require a Resident Agent located in Kansas and we provide that service for one year. Our incorporation costs are the lowest on the internet now and since the ePassporte debacle, I know that guys and dolls out there are hurting, so we are offering complete Kansas incorporation with EIN to USA residents for $299 and for offshore clients, complete with EIN, $399! This represents a $100 discount across the board when compared to our regular price!

U.S. Domestic Shipping of documents, $24.95, International Shipping of documents, $49.99. Physical document shipping is required.

No I.D. verification is required, no Social Security Number, no passport scans or any other documentation is required.

We need only a physical mailing address to which to send your corporate documents.

For more details on incorporation in Kansas, take a look at our website:

Onestopcorporationshop.com

Hit me up if I can help!

AIM: Corpstopcare

ICQ: 628511787

Skype: onestopcorporationshop

Thanks for inquiring!

Sally.*

*We will also soon be offering US banking solutions for offshore clients only.

Please keep us in mind if we can be of service to you!

Thanks again!

Sally.