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About Philip K. Akalp

Philip K. Akalp, Esq. is the Chief Executive Officer and Co-founder of MyCorporation.com, the Internets Leading Incorporation, LLC Formation, and Trademark Service Provider. Since its launch in 1998, Mr. Akalp has had the privilege of forming over 70,000 corporations and LLCs for small business owners across the nation. Click here for more information on forming LLCs and corporations.
Business Structures Defined: The S-Corporation

An S Corporation begins its existence the same way that a “C-Corporation” (discussed here) begins its existence — as a general, for-profit corporation upon filing the Articles of Incorporation at the state level.

Business Structures Defined: The Limited Liability Company

IRS Treatment of the One-Member LLC.
An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation.

Business Structures Defined: The Corporation

The corporation is America’s most popular and oldest form of business entity. As such, corporate statutes have had the opportunity to evolve over the years and have become quite uniform throughout the states. Today, the most popular forms of corporation include the “General-For-Profit Corporation (or, C-Corporation)” and the “S-Corporation.”

Philip K. Akalp Answers Incorporation Questions

Philip K. Akalp, Esq. is the Chief Executive Officer and Co-founder of http://www.MyCorporation.com, the Internet’s Leading Incorporation, LLC Formation, and Trademark Service Provider. Since its launch in 1998, Mr. Akalp has had the privilege of forming over 70,000 corporations and LLCs for small business owners across the nation.

Do you have incorporation questions? If so, send them in to Philip here: PAkalp@mycorporation.com.