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Incorporation Benefits for Businesses and Shareholders


Safe Shield® is your Mid-West business compliance solutions company. We specialize in starting and maintaining iron clad compliance programs for new or established businesses that simply don’t have the time to make sure they comply with every corporate rule. Safe Shield® knows that 85 percent of U.S. businesses fail to meet the most basic corporate compliance standards, jeopardizing the good standing of their organization, and exposing the personal assets of the business owner(s). That’s why our number one goal is to provide the businesses we serve with the best asset protection and growth assistance in the U.S.

In order for businesses to stay compliant, they must first be formed the right way. Many businesses, especially small businesses, recognize the need for legal liability protection. This type of protection essentially separates the business from the business owner(s), ensuring all liabilities and obligations are the responsibility of the business entity and not the business owner(s).


WHAT IS INCORPORATION

When a business is incorporated, it becomes a corporation. A corporation is a legal entity that is viewed as a separate individual that has most of the same rights that a United States citizen has. Incorporation ensures that the owner’s and shareholder’s personal assets are not jeopardized in case the corporation is sued. This means shareholders and owners don’t have to worry about losing their cars, homes, or personal savings if the corporation dissolves or goes bankrupt.


WHY INCORPORATE?

Incorporating has a variety of benefits for businesses and shareholders.
  • Personal Asset Protection. Much like an LLC, owners of a corporation are separate from the corporation. In a properly managed and structured corporation, owners have limited liability for business debts and obligations. That’s why choosing a company that specializes in entity formation like Safe Shield® is the only method to ensure that your corporation will be formed correctly and stay compliant.
  • More Credibility and Name Protection. Adding an “INC” to the end of a business instantly gives it credibility. Other entities, vendors, and consumers will want to work with your business. And in some states, other businesses will be forbidden to use your name.
  • Flexible Taxation. The owner of a corporation is taxed on the corporate and individual level, but can avoid taxes on both ends by filing for Subchapter S tax status.
  • Survival. Corporations can survive even after their owners are long gone, since they are considered “individuals” in the eyes of the law.
  • Great Deductibles. Corporations can deduct everyday business expenses, plus salaries before doling out income to owners.


THE SAFE SHIELD® SERVICES FOR CORPORATIONS

Our team will provide step-by-step assistance and documentation services for businesses eager to establish themselves in the market. In addition to our comprehensive entity formation services, we will also:
  • Conduct a record book assessment
  • Conduct Annual Compliance Review
  • Provide a Status Alert system
  • Create and manage an electronic Record Book
  • Monitor government filings
  • Advise and assist in compliance best practices with compliance phone and e-mail support (10 emails to unlimited communications per year depending on plan selection)
  • And much more

Contact Safe Shield® now at 320-352-4200 or toll free at 844-618-SAFE (7233) or toll free at 844-618-SAFE (7233) or email us for more information about corporation formation.