The most important advantage of incorporation is that it gives its stockholders limited liability. Since the corporation is a separate legal entity, its stockholders are protected from the debts and liabilities of the corporation.

Other advantages:

• A corporation has unlimited life. If an owner dies or sells his interest the corporation will continue to exist and do business.
• Ability to easily establish insurance and retirement plans.
• Ownership of corporation is easily sold or transferred through sale or transfer of stock.
• Capital can be raised through sale of stock.
• A corporation has centralized management which may remain in place after sale of business.

The primary disadvantage to incorporation is the possibility of double taxation. The profits of a corporation are taxed first as income to the corporation, then second as income to the shareholder. However, all reasonable business expenses such as salaries and other operating expenses are deductions against corporate income which can minimize double taxation. Double taxation can be eliminated by making an S Corporation election. S Corporations only pay taxes one time at the tax rate of the shareholder(s). S Corporations can deduct the same expenses as a C corporation.

• Complexity and expense of forming a corporation.
• Legal formalities involved with a corporation.

Form A Corp not only can help you with your business but also getting your website up and running. Check it out today by going to www.incorporationgateway.com/portfolio.php.

Contact us today at 1-866-343-6759 to get started!

An Annual report is a comprehensive report on a company’s activities throughout the preceding year. Annual reports are intended to give shareholders and other interested persons information about the company’s activities and financial performance. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company’s registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved).

Typically annual reports will include:

• Chairman’s report
• CEO’s report
• Auditor’s report on corporate governance
• Mission statement
• Corporate governance statement of compliance
• Statement of directors’ responsibilities
• Invitation to the company’s AGM

as well as financial statements including:

• Auditor’s report on the financial statements
• Balance sheet
• Statement of retained earnings
• Income statement
• Cash flow statement
• Notes to the financial statements
• Accounting policies

Other information deemed relevant to stakeholders may be included, such as a report on operations for manufacturing firms. In the case of larger companies, it is usually a sleek, colorful, high gloss publication.

The details provided in the report are of use to investors to understand the company’s financial position and future direction. The financial statements are usually compiled in compliance with IFRS and/or the domestic GAAP, as well as domestic legislation (e.g. the SOX in the U.S.).

In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission.
Green Annual Reports

Most companies are now choosing to be more environmentally conscious when it comes to printing their required reports. The Green Annual Report production process saves energy, trees, water, and also reduces waste and greenhouse gases. For every Green Annual Report that is printed, an Eco Audit is placed in the final document that states the number of trees preserved, pounds of water-borne waste that was not created, number of gallons of waste-water flow saved, pounds of solid waste not generated, net pounds of greenhouse gases prevented and the amount of energy in million BTUs not consumed.

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IncGateway™ provides the key to your future success! Our staff is ready to assist you with all of your business needs. Unlike other companies we don’t believe in hidden costs or tacking on additional fees to the state filing fee. We provide clear upfront pricing before you pay.

We also guarantee all of our work 100%, so you can rest assured everything will be done correctly. When dealing with the incorporation of businesses, many other companies will get you started, and then they begin to add on fees, for state licensing, or filing fees. Click here to Read in detail.