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Entrepreneurship

How to Start a C Corporation in California in 2022 (For Free) | Corporation Filing Online [Video]

In this video, I showed How to Start C Corporation in California For Free with full California State Corporation Setup, formation & requirements process online.Setup your Corporation with incfile: https://rebrand.ly/incfile2022▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Why Incorporate in California? The California Governor’s Office of Business and Economic Development offers several business incentives in the form of bonds, loans, tax credits and exemptions. Your corporation may be able to take advantage of these incentives, provided it meets the qualifying criteria.For example, the California Competes Tax Credit is an income tax credit available to businesses that want to locate in California or stay and grow in California. Businesses of any industry, size or location compete for over $180 million available in tax credits by applying in one of the three application periods each year. Applicants will be analyzed based on different factors of evaluation, including the number of full-time jobs being created, amount being invested and strategic importance to the state or region.For most entrepreneurs looking to start a larger business, creating a California corporation may be the best choice. As a corporation, your business is able to buy and trade stock, and when it comes to excess profits, corporations offer more flexibility than an LLC. A corporation is allowed to pass income and losses to its shareholders, who report taxes on an individual tax return at ordinary levels.Is an LLC Better Than a Corporation? It all depends on your goals. For smaller businesses, limited liability companies are usually a better option. An LLC is easier to set up, and you receive many of the same benefits as a corporation, but with less regulation.In this video, you’ll find information on naming your corporation, getting a Registered Agent, the fees you’ll need to pay, business taxes and much more. We also cover what you’ll need to register your corporation and how you’ll interact with the CA Secretary of State (SOS).▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬If you wanna share anything with us about this video or wanna ask any questions, make sure to comment below and we will get back to you as soon as we can.Subscribe to Our Channel Choir of Tech Nerds: http://www.youtube.com/channel/UCoLBAcXduZcuq8mLixNcBsQWatch Again: https://youtu.be/5cR4VGSVUlI▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Tags (Ignore): how to start a c corp in california,how to start a c corp,c corporation,corporation,llc,how to open a c corp,how to open a c corp to run your llc,c corporation benefits,c corporation california,benefits of c corporation,tax benefits of c corp,how to start a corporation in california,how to form a corporation in california,how to set up a corporation in california,how to incorporate in california,california corporation,california registered agent,californiaCorporation Filing Onlinehow to start a corporation in usahow to start a business in usa for non citizens how to start a company in usahow to open a company in usa non resident how to set up a company in usahow to form a company in usahow to start a business in america ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Thanks for watching this video. Stay tuned for more upcoming business related videos like this. ▶️AFFILIATE DISCLOSURE: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a commission. This helps support the channel and allows me to continue to make videos like this. I will never support or push a product I don’t believe in. Thank you for your support!#california #californiastate #corporation

Categories
Entrepreneurship

Is your Business a Proprietorship, Partnership, or Corporation? [Video]

If you’re starting a business, you need to make some hard decisions as to how to structure your business for tax purposes. This video attempts to provide a basic understanding of the various ways businesses can be organized for tax purposes.This video is an oversimplified view of what can be complicated topics. More in-depth videos covering many of the concepts in this video are either on the way, or here already.For an overview of self-employment in general, click here: https://youtu.be/fY1dZGOVIEwTo find out what Self-employment Tax is, and how it’s calculated, click here: https://youtu.be/JQwyHiYR9vsFor a beginner’s guide to Qualified Business Income Deduction, click here: https://youtu.be/OW3N4y1vxGYADDITIONAL RESOURCES AND INFORMATIONnolo.com: “What is a Limited Liability Company (LLC)?”: https://www.nolo.com/legal-encyclopedia/what-is-a-limited-liability-company.htmlU.S. Small Business Administration: “Choose a Business Structure”: https://www.sba.gov/business-guide/launch-your-business/choose-business-structureEntrepreneur.com: “Business Structure Basics”: https://www.entrepreneur.com/article/75518IRS Publication 334: “Tax Guide for Small Business” https://www.irs.gov/pub/irs-pdf/p334.pdfIRS Schedule C “Sole Proprietor Income and Expenses”: https://www.irs.gov/pub/irs-pdf/f1040sc.pdfIRS Schedule SE “Self Employment Tax”: https://www.irs.gov/pub/irs-pdf/f1040sse.pdfIRS Form 8995 “Qualified Business Income Deduction”: https://www.irs.gov/pub/irs-pdf/f8995.pdfIRS Form 1065 “Tax Return for Partnerships”: https://www.irs.gov/pub/irs-pdf/f1065.pdfIRS Form K-1 (1065): “Partner’s Share of Income, Deductions, Credits”: https://www.irs.gov/pub/irs-pdf/f1065sk1.pdfIRS Schedule E: “Rental and Supplemental Income”: https://www.irs.gov/pub/irs-pdf/f1040seIRS Form 1120S “Tax Return for Small Business Corporations”: https://www.irs.gov/pub/irs-pdf/f1120s.pdfIRS Form K-1 (1120S): “Member’s Share of Income, Deductions, Credits”: https://www.irs.gov/pub/irs-pdf/f1120ssk.pdfIRS From 1120 “Tax Return for Corporations” https://www.irs.gov/pub/irs-pdf/f1120.pdfIRS Form 1099-DIV: “Dividends and Distributions”: https://www.irs.gov/pub/irs-pdf/f1099div.pdfIRS Form 2553 “Election by a Small Business Corporation”: https://www.irs.gov/pub/irs-pdf/f2553.pdfIRS Form 8832 “Entity Classification Election”: https://www.irs.gov/pub/irs-pdf/f8832.pdfIntro Music: “Bluesy Vibes” – Doug Maxwell – YouTube Audio LibraryBackground and Outro Music: George Street Shuffle, Kevin McLeod, http://incompetech.com via YouTube Audio LibraryDISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or investment advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or investment professional.The tax information in this video is based on tax law and IRS regulations in place when this video was published, and is subject to the whims of Congress.