St. John Parish Community Web Site

THE BENEFITS OF ADDING
"INC."
To Your Company Name

Submitted by, General Business Services

David Beadle and Richard Drexel of General Business Services, take all the trouble out of adding "INC." to your company name!

Incorporation offers your business many advantages. Even if you're a one-person enterprise.

For Example - Unequaled personal liability protection...substantial tax advantages....a high degree of flexibility in structuring pension plans and other owner benefits....a percentage deductibility of health insurance premiums in most cases...greater control in transferring ownership. Plus, a corporation is generally a more attractive business structure for bringing in outside investors.

A Corporation Protects Your Personal Assets-This is the number one reason why our clients incorporate. In most cases of a lawsuit or judgment against your business, no one can seize your personal assets-your home, car, boat, savings accounts, etc. It's the only rock-solid protection for personal assets that you can get in business.

A Welcome Tax Shelter-There are many more tax options available to corporations than to proprietorships or partnerships. You can establish pension, profit-sharing and stock option plans favorable to the owners of the corporation. For example, in most cases, with a corporation you can even deduct part of your health insurance premiums. Money that owners of unincorporated firms pay in taxes can, in corporations, go into owner benefits plans. Over time this can add up to a tremendous perk

Plus:

A corporation which is not a personal holding company may own shares in another corporation and receive dividends -80% of which are tax free.
A corporation wishing to raise capital is more attractive to investors who can purchase shares of stock in return for their capital. This gives you a way to lower your cost of capital. You can raise money without incurring debt and interest payments..
A corporation's capital can be expanded at any time in a private offering by issuing and selling additional shares of stock. This is especially helpful when banks are being tight with money.
Shares of a corporation can be easily distributed to family members. That makes estate and family planning a lot easier.
Owners can quickly transfer ownership interest, represented by shares of stock, without the corporation dissolving. This makes an unexpected event easier to handle, because the corporation does not have to dissolve.


General Business Services provides their clients with a lot more than just Business Consulting Services! They network with other businesses for their clients. Anyone who knows GBS will verify that they frequently tell their clients, "I know just who can help you! Call this number! Tell them GBS sent you!"

HERE ARE INCORPORATION SERVICES THAT GBS PROVIDES FOR YOU:

Researches the availability of your corporate name.
Provides, Completes and Files the Articles of Incorporation and Initial Report with the Secretary of State
Provides and Completes the minutes of the First Organizational meeting.
Provides, Completes and Files form 2553 with the IRS for Sub S-Corporations.
Obtains your EIN # from the IRS, Provides, Completes and Files the SS4 Form.
Provides you with a minimum of Two Hours of Business counseling on the Incorporation of your Business.
Issuance of Stock Certificates to Share Holders.
All of the Above can be provided for a Professional, Competitive Fee.
We can also be listed as your Registered Agent for an Annual Fee.


		This article generously submitted by: GENERAL BUSINESS SERVICES 105 Marmillion Loop Reserve, LA 70084 (504) 536-6161 - FAX (504) 536-6171 or send e-mail to GBS