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LLC
Limited Liability Company
Unique Features:
- Offers maximum flexibility in business management and operations;
- no requirement for a board of directors.
- Allows an unlimited number of owners (referred to as “members”). Protections & Taxation Personal liability
Protection against business liabilities.
- You are not personally liable for business debts or obligations.
- Subject to taxation once or twice, offering you the flexibility to select the option that aids in tax reduction.
Drawbacks to consider
- Continual filings and fees required for maintaining compliance.
- LLCs can’t go public.
- Not globally recognized; you may be taxed as a corporation in other countries.
DBA
Doing Business As
Unique Features:
- Easier to set up.
- Not an actual legal entity type
Protection against business liabilities.
- You bear personal responsibility for any business-related liabilities.
- If your business is categorized as a sole proprietorship or partnership, you’re only taxed once—paying taxes on profits through your personal tax return.
Drawbacks to consider
- There is no personal liability protection
INC
Corporation (S or C corp)
Unique Features:
- Offers maximum flexibility in business management and operations;
- no requirement for a board of directors.
- Allows an unlimited number of owners (referred to as “members”). Protections & Taxation Personal liability
Protection against business liabilities.
- You are not personally liable for business debts or obligations.
- Subject to taxation once or twice, offering you the flexibility to select the option that aids in tax reduction.
Drawbacks to consider
- Continual filings and fees required for maintaining compliance.
- LLCs can’t go public.
- Not globally recognized; you may be taxed as a corporation in other countries.
LLC
DBA
INC
Request your initial consultation now!
Experience unparalleled peace of mind when you entrust the filing of your business entity to ICM Group Corporation.
Piter Bowman
Creative Director
HOW IT WORK
Initial Consultation
We arrange a personalized one-on-one consultation to gain a deeper understanding of your requirements and deliver the optimal solution tailored specifically for you.
Software Setup
We configure accounting software to connect with your bank accounts, or we ask for your permission to access third-party information.
Precise Financial Statement
We’ve ensured accurate categorization of transactions and will send you comprehensive financial statements.
Event Schedule
We express our gratitude to you for your high responsibility, understanding, and desire to help in any situation! I also want to note the competence and efficiency. We look forward to fruitful and long-term cooperation!
George Farrell
I express my deep gratitude to the team for the impeccable and productive service to the company’s activities based on the results of seven years of joint work. I recommend the services of this company to everyone
Linda Backer
This company has been our partner for two years. They take full responsibility for all assigned tasks and perform the work efficiently and on time. This company has competent employees, discipline, and a strong team spirit.
Jason Lewis
FAQ
Still have Questions?
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Why should I file my business entity with icm group corporation?
Hiring ICM Group Corporation as your bookkeeper can bring numerous advantages to your business, with two key benefits being time savings and the facilitation of growth. As your business expands, it encounters increasingly intricate challenges, and a committed bookkeeper can provide valuable time relief. We focus on tracking your finances and ensures report precision, offering you peace of mind.
Do I need to make physical appointment
Yes, cloud accounting software enables us not only to oversee your books from a distance but also grants us access to up-to-the-minute financial data. Consequently, we can remotely catch up and ensure the ongoing maintenance of your up-to-date books.
What are the required document that I need to file.
We recommend reaching out to us at your earliest convenience, especially considering the busy nature of year-end. However, rest assured that our team of experts is available throughout the year to collaborate with you and offer catch-up bookkeeping services.
Do you offer other business services
Due to variations in the size and complexity of businesses, providing a standardized rate for bookkeeping services proves challenging. However, we extend a free consultation to explore your requirements and suggest the most fitting package tailored to your business.