There are various ways to set up a business, such as a sole proprietorship or an LLC. Corporations are very different from other kinds of business entities. A corporation is an independent legal entity, meaning it is separate from its owners, managers and other people who control it. It does not cease to exist if owners or shareholders change or die. A C Corporation is a business entity, profits of which are taxed separately from its owners. The owners are shareholders who elect a board of directors for managing the company. They have limited liability and are not personally liable for their business debts. They also cannot be sued for a corporation’s wrongdoings.
Other benefits of C Corporation
– Unlimited number of stockholders;
– Great possibilities for tax savings;
– Can raise additional funds by selling stocks;
– The owner can issue different classes of stocks to attract different groups of investors.
Let DOT Control Authority help you file for C Corporation!
At DOT Control Authority we will be happy to help you with every aspect of starting a successful business. Our team can assist you with filing for any kind of business entity, starting with sole partnership and ending with C Corporation. We will make sure you meet all the legal requirements and your paperwork is in order. Our specialization is the trucking business, and we can help you with every step of establishing your trucking company. Obtain a USDOT Number and get an authority to operate, file for a corporation and comply with all the legal rules – easily and without any mishaps. For a low fee we charge for our services, we will assist you with your documents and filings, saving you time and stress.