Business Formation Services
Your Partner in Business Formation Services. For your success, we provide legal business formation, operating agreement creation, EIN application, and business entity structure.
Get Your Business Finances Under Control
We help our clients focus on what matters the most – business – and handle taxation, finances, and accounting. After just one session, you’ll feel more in control of your budget, your strategy, your goals, and your business.
Our Business Formation Services
Starting a business is thrilling, but it involves many decisions and challenges. At TotTax, our Business Formation Services are here to help you through the process, making it easy and successful.
Entity Type Selection
Among our range of services, we offer company formation services, including expert help in choosing the right entity type for your business. The choice of entity type is crucial to your business's success because it affects things like liability and taxation.
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Our experienced team is committed to giving personalized advice on whether forming a Limited Liability Company (LLC), a Corporation (C-Corp or S-Corp), a Partnership, or another entity is the best fit for your business. We take into account your long-term goals, the nature of your business, and your vision to suggest the most suitable entity type.
Operating Agreement
Our team of company formation experts can help you create a well-structured operating agreement for your LLC. This agreement is important because it outlines how your LLC will be managed, the roles and duties of members, and how the business will work.
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We'll work closely with you to create an agreement that aligns with your business goals and complies with state regulations, a key part of our corporate formation services. This agreement will help manage your LLC, prevent disagreements, and keep your business running smoothly.
Our experienced team is committed to giving personalized advice on whether forming a Limited Liability Company (LLC), a Corporation (C-Corp or S-Corp), a Partnership, or another entity is the best fit for your business. We take into account your long-term goals, the nature of your business, and your vision to suggest the most suitable entity type.
Tax ID Number (EIN)
Obtaining an Employer Identification Number (EIN) from the IRS is a crucial step in the business formation process. An EIN is essential for tax purposes, banking, and hiring employees.
Our services streamline the application process, making securing your EIN promptly and efficiently easier. We guide you to ensure you have all the necessary documentation to meet IRS requirements.
Annual Compliance Filings Calendar
Business compliance is an ongoing process; failing to meet deadlines can result in penalties and legal complications. To help you remain compliant and organized, we offer an annual compliance filing calendar that outlines all the necessary state and federal requirements.
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From annual reports to tax filings, our services will assist you in staying on track and ensuring that your business fulfils its obligations on time. This proactive approach saves you time and minimizes potential legal challenges, enabling you to focus on the growth and success of your business.
Our experienced team is committed to giving personalized advice on whether forming a Limited Liability Company (LLC), a Corporation (C-Corp or S-Corp), a Partnership, or another entity is the best fit for your business. We take into account your long-term goals, the nature of your business, and your vision to suggest the most suitable entity type.
Our business startup payroll services cater to new and growing businesses. We help startups streamline their payroll processes, making it easier to manage their employees' pay while they focus on growth and development.
Our team of experts in business payroll services ensures that your payroll operations are efficient and compliant. We are here to make your business's payroll hassle-free and accurate so you can focus on your core activities while we care for your payroll needs.
S-Corp Election
As an Enrolled Agency, we’ve helped many business owners across the country achieve an S-corp status, and we would love to help you as well.
S-corp election package $750 one time fee
Consultation phone or zoom call to determine if the S-corp election is the best fit for your business
Federal Tax ID Number (EIN)
S-corp Election form and its submission to the IRS
S-corp Accountable Plan
S-corp reasonable Compensation Advice
Payroll setup for shareholders
Want to know more about S-Corp, download my complete guide to S-Corp advantages and disadvantages
Innovative Ideas and Exceptional Accomplishments
At TotTax Tax, our team of experts is ready to provide you with excellent service. We're here to answer all your questions, and the best part is you don't even have to visit our office. We can work with you over the phone or email to fit your busy schedule.
If you need help with your personal income taxes or all accounting & taxation services for your small business, please get in touch with us today. TotTax is here to assist you.
Why Choose Us
TotTax Tax & Accounting Agency offers expert accounting, bookkeeping, payroll, tax planning, and tax preparation services for individuals and small businesses throughout the United States. We take a transparent and client-focused approach to your financial needs, providing the personalized attention you deserve from a professional firm.
Expertise and Trust
Benefit from our experienced and certified accountants, who provide trustworthy financial guidance, ensuring accuracy and compliance.
Tailored Solutions
We create customized financial strategies that align with your unique goals, offering personalized solutions that fit your needs.
Proactive Partnership
Beyond historical reporting, we proactively identify opportunities and challenges, serving as your strategic financial partners.
Cutting-Edge Technology
We leverage the latest accounting software for efficiency, providing real-time insights to help you make informed decisions.
Comprehensive Services
From taxes to audits, we offer a full spectrum of services under one roof, ensuring your financial success.
GET IN TOUCH WITH US TODAY
Explore how TotTax can assist with individual income tax preparation and various small business services.
Get your business off to a great start by letting us handle your finances
We'll make sure this year is a successful one for you.
Most Commonly Asked Questions
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Business formation refers to the process of legally creating a new business entity. It's crucial for establishing the structure and framework of the business.
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Common types include sole proprietorships, partnerships, limited liability companies (LLCs), corporations, and non-profit organizations.
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Factors to consider include liability protection, taxation, ownership and management structure, and operational flexibility.
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Steps typically involve choosing a business name, registering with the appropriate state authorities, obtaining necessary permits and licenses, and applying for an Employer Identification Number (EIN) from the IRS.
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Choosing a business structure that offers limited liability protection, such as an LLC or a corporation, can help protect personal assets from business-related liabilities.
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Key differences include taxation, ownership restrictions, and operational requirements, with C corporations being subject to double taxation and S corporations offering pass-through taxation.
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As your business evolves, you may need to reevaluate your structure and potentially switch to a different entity type that better aligns with your current needs and goals.