How to Maintain a Business
Sometimes situations arise causing changes in how a business
operates. MyCorporation can help, by offering you a variety of services to help eliminate the difficulties
that can arise while maintaining your good standing or changing the details of your business post formation.
See below for a list of some of the most common business maintenance issues that MyCorporation can help you with,
easily and affordably.
If your business is operating under multiple names or divisions, you
may have to file for a fictitious business name, also knows as a DBA,
so you can cash checks under all of your business names. Obtaining a
DBA is required to cash checks or open bank accounts for different
divisions or company names, which can be an important part of growing
your business. We file the
with the required government agencies and publish where required (in most states). You'll receive the
approval and publication certificate for your records.
When you incorporate you must determine what state to incorporate in.
If you wish to do business in more than one state, you may need to
if you are not incorporated there. (Please note that
many states will tax a corporation that exists in their state, even if
it is not doing business there.)
Find out more
A trademark is a word, phrase, symbol, or design, or a combination
thereof, that distinguishes the source of your goods from those of
others. A Service Mark is similar to a trademark. However, it
identifies and distinguishes the source of a service rather than a
product. Generally, the terms "trademark" and "mark" are used to refer
to both trademarks and service marks.
We offer three Trademark services:
MyCorporation offers copyright application and registration services.
is a protection that covers published and unpublished
literary, scientific and artistic works, whatever the form of
expression, provided such works are fixed in a tangible or material
form. Copyright laws grant the creator of the "work" the exclusive
right to reproduce, prepare derivative works, distribute, perform, and
display the work publicly.
Find out more
MyCorporation obtains EINs for businesses nationwide.
An EIN is a federal identification number used by the IRS to identify a business entity.
It is also known as a
Federal Tax ID
number.Legally, you are required to identify your business with one of two
numbers: either your social security number or an EIN.
Generally you need an EIN when your business:
Hires, or will hire, employees
Opens a bank account
Changes type of organization
If you are a sole proprietor, your social security number can be used
on all of your government forms and other official documents, but most
small business advisors recommend that you apply for an EIN and use
that number instead.
Furthermore, banks may require an EIN in order to open a business bank
MyCorporation can help you elect
Electing S-corp status means that income generated by your business is
"passed-through" to your shareholders for computing tax liability.
Most businesses start out as a general C-Corporation and are required
to pay income tax on taxable income generated by the corporation.
However, as soon as a corporation has been formed, it may elect
S-Corporation status. Then, the
shareholders are taxed like a partnership or sole proprietorship, and
not the corporation.
A large majority of our small business customers meet the following
First be filed as a U.S. corporation
Maintain only one class of stock
Maintain a maximum of 100 shareholders
Be comprised solely of shareholders who are individuals, estates or
certain qualified trusts, who consent in writing to the S corporation
All shareholders must be US citizens or resident aliens
Fiscal year must end December 31st
Failure to observe any of the above requirements could revoke your
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