Is it better to incorporate now or wait until 2013? | Corpnet - The ...

Business owners often rush to incorporate or form an LLC before the end of the year. However, most companies can save big on tax dollars and reporting fees by ?delaying the filing? until next year. Here?s what you need to know?

Your Inc. date isn?t retroactive

Your corporation?s ?start date? is not retroactive. This typically means filing two business income tax returns for the year. For example, if your corporation was formed on Dec. 1, you?ll need to file as a sole proprietor (or whatever your previous entity may have been) from Jan. 1- Dec. 1 and then file as a Corp. from Dec. 1-Dec 31.

There?s a backlog at the beginning of the year

To ease the paperwork burden, many small business owners look to incorporate on the most logical start date of all?January 1. For this reason, January is the absolute busiest time of the year for your state?s Secretary of State office and you?ll be at the mercy of any backlog.

It?s not uncommon for it to take up to 40-90 business days to bring a Corporation or LLC into existence after submitting your filing documents to the state office! That means you could be waiting almost 3 months to receive your official incorporation paperwork in order to open a bank account! And as state offices grapple with budget shortfalls and employee cuts, wait times are only getting longer.

CorpNet.com has the answer: a delayed filing!

There?s an interesting option that can fast track your application to the front of the line come January. At CorpNet.com, we offer a ?Delayed Filing? that lets you complete your paperwork and submit your application now, and then delay your actual incorporation date until the New Year.

A delayed filing is a great option as you can effectively choose the date of incorporation or LLC formation. And by getting your paperwork in now, you can cross one more thing off your list, and avoid having to file multiple business income tax statements and an annual report for 2012 (along with filing fees).

We don?t like paying extra fees and we don?t think you should have to either. Call us today at 888-449-2638 and find out if a delayed filing is right for you. We can walk you through all the steps needed to fast track your application for the beginning of the year.

Source: http://www.corpnet.com/blog/incorporate-wait-2013/?utm_source=rss&utm_medium=rss&utm_campaign=incorporate-wait-2013

brandon lloyd celtic thunder fabrice muamba collapse prometheus trailer patrice oneal shamrock slainte