General Production Information
- Annual Reports FAQs
- Apostille & Gold Seal Certification FAQs
- Benefit Corporation (B Corp) FAQs
- Business License FAQs
- Business Name Amendment FAQs
- Business Name Availability FAQs
- C Corporation FAQs
- Certificate of Good Standing FAQs
- Certified Copies of Documents FAQs
- Conversion FAQs
- Corporate Seal & Compliance Kit FAQs
- DBA (Doing Business As) FAQs
- Dissolution or withdrawal FAQs
- Due Diligence Services FAQs
- EIN (Employee Identification Number) FAQs
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- Good Standing Reinstatements FAQs
- Hcue Enterprise FAQs
- Independent Director FAQs
- Intellichart Automated System FAQs
- International Registered Agent FAQs
- Limited Liability Company (LLC) FAQs
- Limited Partnership (LP) FAQs
- Mergers and Acquisitions FAQs
- Name Reservation FAQs
- Nevada Legislation FAQs
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- Ownership Certificate FAQs
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- Registered Agent FAQs
- Representation Services FAQs
- S-Corporation FAQs
- Service of Process (SOP) FAQs
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- Sole Proprietorship FAQs
- UCC Filings FAQs
- UCC Searches and Filings FAQs
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Can I change my corporation status or convert to an LLC in the future?
Yes, you can convert an S Corporation to a C Corporation or an LLC should your business needs change. The decision to convert must be approved by the shareholders. Conversion planning depends on your company’s specific circumstance, so be sure to discuss your plans with a legal professional.
What compliance rules must I follow as a C Corporation owner?
C Corporations need to have shareholders, directors, and officers. They must hold director and shareholder meetings, keep corporate minutes, and allow shareholders to vote on major corporate decisions. Your C Corporation also needs to file annual reports and maintain good standing in state(s) where you’re incorporated.
What steps must I take to form a C Corporation?
You must file Articles of Incorporation with the state where you’re based and designate a Registered Agent to receive official and legal documents on behalf of your business. You must also obtain an employer ID number (EIN), which is often required for tax purposes and business banking.
What is a C Corporation?
A C Corporation (also known as a “C Corp”) is a legal entity that protects the owners’ personal assets from creditors. It can have an unlimited number of owners and multiple classes of stock. Unlike an S Corporation or an LLC, it pays taxes at the corporate level.