GET INCORPORATED
COMMON QUESTIONS
Platinum Performance Holdings has many years of business knowledge and a team of experts ready to help create your company. Weather it's a LLC or S Corp we have you covered. We are a Veteran friendly organization and as a way to say thank you for your service we offer discounts for our vets.
We also have business opportunities with some of our corporate packages.
CORPORATION TYPES
SOLE PROPRIETORSHIP
One person
Unlimited personal liability
Personal tax only
LIMITED LIABILITY COMPANY (LLC)
One or more people
Owners are not personally liable
Self-employment tax
Personal tax or corporate tax
CORPORATION - S CORP
One or more people, but no more than 100, and all must be U.S. citizens
Owners are not personally liable
Personal tax
PARTNERSHIPS
Two or more people
Unlimited personal liability unless structured as a limited partnership
Self-employment tax (except for limited partners)
Personal tax
CORPORATION - C CORP
One or more people
Owners are not personally liable
Corporate tax
CORPORATION - B CORP
One or more people
Owners are not personally liable
Corporate tax
Why separate the business
from the owner?
For tax reasons, and to be able to see the performance of your company's finances, are the two main reasons one must separate business & owner.
What does it mean
to incorporate?
A corporation is a type of business organization viewed as a separate legal entity under state law.
Why is incorporating a
business important?
Protect your personal assets, have easier access to capital, enhance your business credibility, perpetual existence and gain anonymity.