Georgia Subchapter S Incorporations: Disadvantages
February 15, 2009 by admin
Filed under Subchapter S Incorporation
While there are many advantages to electing Subchapter S status for your new Georgia business, there also some disadvantages that are worth noting. Please have a look at both the advantages and these disadvantages before deciding whether a Sub S incorporation election is the right path for your business.
Drawbacks / Disadvantages of Electing Subchapter S Status for your Georgia Business:
- Only one class of stock outstanding
- Process of incorporation requires more time and money than other forms of organization
- S-Corporations are monitored by federal, state and some local agencies, and as a result may have more paperwork to comply with regulations.
- Inflexibility of operations
- Slow to react. Executive decisions need agreement by all shareholders. Disagreeing on issues can produce slow processing times to get over humps.
- Only a portion of health insurance is deductible, versus c-corp where one can deduct 100% (subject to change).
- Shareholders and employees must declare health insurance and
other employee benefits as taxable income if they own more than a 2% share of stock in the Subchapter S corporation.
Anyway you look at it, incorporating has a number of substantial benefits for your Georgia business. Incorporate this year and enjoy the same benefits thousands of others are enjoying right now.
**********
Call Toll Free: 888-905-7380
Email: Flincorporation@gmail.com
Question or Comment? Support Form
Sub S Discount
April 20, 2008 by admin
Filed under Featured 1
Our Subchapter S incorporation has been our longest running discounted service on this site yet far. This special offer has been really successful over the months and we’ll likely be able to keep this going through the end of this year.
This subchapter s 10% discount has been reflected on all payment forms and is in effect today.
Your Georgia Subchapter S Corporation Filing Includes:
- Georgia Corporation name search
- Corporate filing with Georgia State
- All Georgia State filing fees
- Same business day filing service
- IRS link to get Tax-ID for free
- Assistance with Form 2553 (Subchapter S election)
Total, all-inclusive Package just:Â $259 $235
If you are considering incorporating your new Georgia business as a subchapter s you’ll find our online sub s form here.
If you want to fax your form in there are links at the top of that page so you can go to the Google Doc fax form and print the page on your printer, fill it out and send it by facsimile machine.
**********
Call Toll Free: 888-905-7380
Email: Flincorporation@gmail.com
Question or Comment? Support Form
