Incorporation FAQ

September 19, 2008 by  
Filed under Incorporation FAQ

This is our list of frequently asked questions among incorporators. If you have an additional question that isn’t found here please give us a call at our Toll Free number: 888-905-7380. We won’t try to sell you something, just answer your question as best we can. Honest!

How Long Does It take to Incorporate in Oregon?
Usually you’ll be incorporated within a couple days of submitting your application to us. We review your form for obvious errors and submit it via our approved electronic account with the State of Oregon the same business day you give it to us. Oregon State usually takes 1-2 days to process the corporation and then mail you documents in the mail. Most of our competitors take days and weeks to submit your application to Oregon State, AND charge a fee if you want it any faster. For us it’s part of the package. No extra fee, and same day submittal.

What is the Electronic Filing Process for Incorporation?

  • Choose one of our online forms corresponding to the type of corporate entity you want to create. Fill out the form and hit the send button at the bottom.
  • This form comes to us. We review it for completeness, spelling, syntax… We contact you with any issues that need to be resolved before we send your form in.
  • We file your application electronically through our pre-approved account with the State of Oregon the same business day and we receive a confirmation that they’ve received it.
  • The State of Oregon will then mail your “Articles of Incorporation” paperwork through the postal mail system directly to you.

What are the Costs To Incorporate My Business In Oregon?
We charge a flat rate of $195 for Oregon Profit, Non-Profit, and LLC business processing at this site. There are no hidden fees. In comparison, Legalzoom charges $369 + State fee to cover the same things we include in our processing.

Do I Need a Tax ID (Employer Identification Number – EIN)?
Banks require you have a tax ID number for your business to open an account registered to your corporate name. As part of our incorporation packages we provide you with the necessary IRS form SS-4 and instructions for filling it out in order to apply for your EIN. You’ll send it directly to the IRS. Some companies actually charge you for this!

What Is A Registered Agent?
A Registered Agent is someone that lives in the state of Oregon and that can be legally responsible for receiving all documentation/notices for the corporation you form. If you live outside of Oregon you’ll need to have someone act as a “Registered Agent” for you. If you require this service there are places on the incorporation forms to choose this option. We charge $125 per year for this extra service. Note: Having a P.O. box in Oregon is insufficient. The address of the Registered Agent must be a physical building address.

Which Do I Use? Corporation. Corp., Incorporated, Inc., Company, or Co.?
It’s up to you really. The choices that we have on our form in the drop down menus will guide you. It’s as simple as choosing one that sounds good with your business. Legally there is no difference between using any of the abbreviations above for a Profit corporation for instance. This suffix requirement serves notice to customers that they are dealing with a corporation. (note: LLC’s and Profit corporations have different requirements – use our incorporation form drop down menus to choose one.)

Can I Use My Home Address For My Corporate Address?
Yes. Many incorporators use a home address and then later file an “amendment” to change the address to their new physical location. The cost for filing an amendment varies. Or you can keep your corporate address the same as your home address.

How Can I File an S Corporation?
An S Corporation or Sub-Chapter “S” is a designation by the Internal Revenue Service that takes place after you’ve formed your Oregon Profit corporation. Here at this site we’ve tried to simplify it by having separate forms for Oregon Profit and Subchaper S corporations. In truth, they are both profit corporations but the subchapter s form has some extra info so we know you’ll need the IRS form and instructions to complete your Subchapter S incorporation after filing. This is a FREE service from us. Most of our competition will charge you between $25 and $100 to help you obtain and file this form. The IRS does not charge you to file this form.

Do I have to have an EIN to file the S Corporation paperwork with the IRS?
You must have received or have already applied for an Employer Identification Number (EIN or Tax ID) to file the S Corporation form with the IRS.

Can’t I Use Oregon’s State Site to incorporate my new business?
Sure you can. In fact, that was the impetus behind building this site to help you. The official Oregon site, like most government created websites that are designed to help – don’t do a very good job of ‘helping’. In fact, they’re bewildering, and the reason we decided to create an easy to use site that gives a better user experience and reduces costly errors in submitting incorporation forms. If you’re lucky you’ll be able to get through their site and incorporate without any problems. If not, you’ll wish you hadn’t. Our entire site is dedicated to answering any questions you have about the process. If you can’t find the answers please email us at: FLIncorporation@gmail.com and we’ll help you quickly and courteously.

We’ve assisted more than 3,000 new businesses register over the past 8 years. We’re confident we can help you too – and save you money over Legalzoom, IncNow and other high-priced incorporation services, lawyers and accountants. We’re responsive to email and we have a toll free phone number (888-905-7380) you can call for any questions at all.

How can I register to win the FREE Incorporation?
We automatically register every company that completes their incorporation with us.

Where is your Sitemap?

We have a sitemap link at the bottom right side of the home page.

What is your policy on returns once I incorporate with you?
Please see our “Return Policy” here.

Why Are Your Prices So Low Compared to Your Competitors?

September 19, 2008 by  
Filed under Incorporation FAQ

We have a philosophy here that it doesn’t take $500 of effort to help you incorporate your company online. It’s amazing that we charge an average of $187 LESS than any one of our competitors for the same corporation formation.

We offer Oregon Profit, LLC and Subchapter S incorporations for just $195. Legalzoom, for instance charges $369 + state fees to cover what we offer as part of our included package. So, you’d pay $424 to be able to get help with getting your EIN and Subchapter S forms but with us it’s included for $195. Basically you’re paying for all their television advertising!

We don’t advertise on television, on radio… you wont’ see a spot at the Superbowl half-time break. Where you will find us is at Google and Yahoo. That’s where we put our energy, into these free services so we don’t need to charge you any more than we do. That way it’s a Win-Win and we both walk away smiling.

Why Incorporate Your Oregon Business?

September 19, 2008 by  
Filed under Incorporation FAQ

Incorporating your Oregon business can protect your personal
savings and other assets from liabilities your company may become involved with like credit problems or litigation.

Besides that great reason, creating a corporate entity can provide more business options, encourage outside angel and traditional investments and save you a lot of money at the end of the year at tax time when you reap the benefits of the corporate structure you chose for your business.

We can help you incorporate your new Oregon business in just 3 easy steps:

  1. Choose a corporate structure for your Oregon business. (LLC, Profit, Subchapter S)
  2. Fill out our online form corresponding to the right type of incorporation.
  3. Credit card payment.

If you have any questions we have a toll free number: 888-905-7380 where you can reach us.

How Do I Choose the Right Corporation Type (Entity) for my Business?

September 19, 2008 by  
Filed under Incorporation FAQ

Great question. This is probably the most asked question we get asked. We’ve put together some links below that you can have a look at. This information will help you decide which corporation is right for you.

Choosing a corporation type is an important step, but not a very difficult one. Over 10,000 new businesses incorporate in Oregon online every year and save a lot of money over utilizing expensive lawyers and accountants. Will you be one of them? We’re confident you will after reading all the information below:

LLC Information:

Our LLC category – all articles we have about LLC on-site.

LLC Information at the IRS (Internal Revenue Service)

LLC at About.com’s Small Business site – opens in new window.

Our online LLC incorporation form

 

S-Corporations (Subchapter S) Information:

Our S-Corp category – all articles we have about Subchapter S corporations.

Should your small business become an S-corporation?

S-Corp information at the IRS (Internal Revenue Service)

Our S-corp online incorporation form

 

Profit Corporations Information:

A profit corporation is a corporation that makes a profit, unlike a nonprofit corporation which doesn’t. A corporation may have stock or not, unlike a nonprofit which doesn’t have stock. A profit corporation is taxed at the corporate level and the individual owners are taxed as well – double taxation. Large companies with many employees usually choose to operate as a for-profit corporation without any Subchapter S designation.

For-profit corporation information at the IRS

Profit corporation definition at Wikipedia

For-profit corporation online form

How Long Does it Take to Incorporate in Oregon?

September 19, 2008 by  
Filed under Incorporation FAQ

With our incorporation service you can be sure your corporation is getting formed as fast as possible without having to pay rush service.

Our normal turnaround time is same business day service. We can review and submit your application to the state of Oregon on the same or next business day without charging you a RUSH fee as nearly all our competitors do. The State of Oregon will mail your documents through the mail to you – and we have no control over how long that will take. The effective date of your corporation will be determined by when the State officially receives your form. Usually this is the same day we submit it to them via our electronic account. They say it takes 1-2 business days.

Our normal turnaround time is same business day service. We can review and submit your application to the state of Oregon on the same business day without charging you a RUSH fee as nearly all our competitors do. We will send you confirmation of your filing by email and the State of Oregon will then mail your documents through the mail to you.   The normal time for the state of Oregon to process your corporation is 1-2 business days.  The effective date of your corporation will be determined by when the State officially receives your form. Usually this is the same day we submit it to them via our electronic account.

How Can I Get a Tax Identification Number (EIN)?

September 19, 2008 by  
Filed under Incorporation FAQ

Getting your EIN is a very simple process that occurs after you incorporate online with us. We will send you a link for the form you need to submit to the IRS and instructions on filling it out. You’re completely capable of doing it on your own and there’s no magic to it. It’s almost unbelievable that some companies will charge you $125 to help you with this service! Don’t worry, we help you apply for your EIN as a free service and part of your whole package.