INCORPORATION

Incorporation offers your business many advantages. For example:

Unequaled personal liability protection
Substantial tax advantages
A high degree of flexibility in structuring pension plans and other owner benefits
100% deductibility of health insurance premiums in most cases
Greater control in transferring ownership
A corporation is generally a more attractive business structure for bringing in outside investors.

A Corporation Protects Your Personal Assets

This is the number one reason why people incorporate. In case of a lawsuit or judgment against your business, no one can seize your personal assets -- your home, car, boat, savings accounts, etc. It's the only rock-solid protection for personal assets that you can get in business.

A Welcome Tax Shelter

There are many more tax options available to corporations than to proprietorships or partnerships. You can establish pension, profit-sharing and stock option plans favorable to the owners of the corporation. For example, in most cases, with a corporation you can even deduct your life and health insurance premiums. Money that unincorporated firms pay in taxes can, in corporations, go into owner benefit plans. Over time this can add up to a tremendous perk.

Plus:

A corporation which is not a personal holding company may own shares in another corporation and receive dividends -- 80% of which are tax free.

A corporation wishing to raise capital is more attractive to investors who can purchase shares of stock in return for their capital. This gives you a way to lower your cost of capital. You can raise money without incurring debt and avoid interest payments.

A corporation's capital can be expanded at any time by issuing and selling additional shares of stock. This is especially helpful when banks are being tight with money.

Shares of a corporation can be easily distributed to family members. That makes estate and family planning a lot easier.

Owners can quickly transfer their ownership interest represented by shares of stock, without the corporation dissolving. This makes an unexpected event easier to handle because the corporation does not have to dissolve.

Four types of corporations:

Open or General Corporations: This structure is used for corporations that have or intend to have more than 30 shareholders, or who plan to make large public stock offerings. A corporation can be formed as another type of corporation and then changed to an Open corporation if desired. BCI can help you make this change whenever required.
Close Corporations: The most common for small businesses. It is, by definition, somewhat more restrictive. These corporations are limited to 30 stockholders and have restrictions on the transfer of stock (e.g., stock must first be offered to existing stockholders, should a shareholder elect to sell). This form, however, allows a business to have all the benefits of a corporate entity without many of the formalities required by an Open form of corporation.
Nonprofit Corporations: Primarily organized for charitable, religious, educational or scientific purposes. Filing of this type of corporation will bestow recognition by the state of incorporation; however Federal approval of such operations as complying with 501(c)(3) guidelines must be granted by the Internal Revenue Service.
Limited Liability Companies: This is a new form of business entity that combines the personal liability protection of a corporation with the favorable tax treatment of a partnership. Unlike an "S" corporation, however, there are no restrictions on who or how many can be a member. One drawback, however, is that this form of business entity is still not available in all 50 states. If one wishes to conduct business outside an LLC state, it is unclear if a non-LLC state must recognize the limited liability of the members.

Thank you for your time reading what advantages you can obtain by joining The Bizleaders Club.

The Tangowood Group decided to create, to better serve the interest of the small to medium size businesses and the self-employed, The Bizleaders Club.

Everyone, operating a small to medium size business, to achieve success, needs some assistance to reach that goal.

The Bizleaders Club only interest is to promote your business and have the best information available or assist you in obtaining the right information. We provide support in achieving your professional goals.

We know that most of the small to medium sized businesses refrain, due to high cost factors , from engaging a consultant. That is why we have created the Bizleaders Club, a members only entity, applicable only to the small to medium sized business and the self-employed.

Although your business is operating within or close to your projections you probably could use some unbiased advise on how to increase your revenue.

Small to medium sized businesses are the backbone of the U.S. Economy, and State and Federal revenue. The purpose of The Bizleaders Club is to give you a greater advantage by being constantly informed as to changes in any particular law, rules and or regulations that may affect your particular business.

You may require the advice of a Business Consultant who may charge you a $275.00 -$375.00 hourly rate. As a member of the Bizleaders Club you are entitled to receive, without any charges all information, assistance with the required paper work.

Financing a new Business

Did you create a business plan? We can advise you, as to the details required, if you need funding, because a good, detailed business plan will be an important tool in obtaining those funds.

The Bizleaders Club can advise you how to avoid the pitfalls in relation to starting a new business. Explain the various options available to obtain financing, if so required. Show you the difference between each finance option and advise you as to which option, in our unbiased evaluation of your needs, is the best one for you to apply for.

Restructure your business?

Let The Bizleaders Club evaluate your choices and advice you on how to restructure your business and implement the changes required to succeed in the transformation. If the restructuring requires additional financing, The Bizleaders Club will be able to advise as to the best available sources.

Have a desire to expand your business?

After carefully evaluation of your opinion as to why you like to expand your business, The Bizleaders Club would give you an unbiased advise on how to implement the expansion with as little cost as possible. Perhaps even give you advise as to how to get new customers and retain your current customers, who, in time, may even expand the business they are currently doing with you.

Desire to acquire another business?

The Bizleaders Club can provide you with every detail of that business, increasing your knowledge about details, in order for you to make the right decisions. Perhaps you may need additional funds. The Bizleaders Club can assist you in obtaining the required funding.

Have a need for additional funds or first time financing?

The Bizleaders Club can evaluate your needs and requirements and provide the right solutions, including how to obtain the right form of financing. We have 45+ years of experience in providing the right answers in varied trades and environments.

Thinking of Incorporating your current business or starting a new venture?

We can provide all the required paper work, including a Corporate minute book and assist you in obtaining the mandatory Federal Identification (EIN) number.

The initial membership fee is $275.00 and a monthly recurring fee of $59.25.

To become member of The Bizleaders Club, a members only entity, please complete the attached application.

The Bizleaders Club will, eventually be able, due to the volume of membership, to negotiate with wholesalers, insurance companies for group buying powers, meaning reduced wholesale cost and insurance premiums.

It is also the intention of the Bizleaders Club to have monthly meeting where members can exchange ideas or any information the members wish to share.

We wish to express our thanks to you for your interest in The Bizleaders Club. We will constantly try to obtain more benefits for our members. Have any questions please contact us at 503-724-5917 or use the contact form on this website.

It is our philosophy to give every client 100% of our attention. To provide the most accommodating solutions, which may include several options, based on your company needs.