SERVICES
GOOGLE ADS | SEM
SOME TECHNICAL DETAILS
We use Squarespace to power the online shops we build due to its seamless integrations and user-friendly interface. We adhere to PCI compliance regarding security and facilitate other measures beyond PCI compliance.
We are experienced and extremely comfortable integrating:
Payment Gateways
Variable sales tax
Inventory and third-party tracking
Product variations
Pricing models
Dynamic shipping and tracking via UPS, FedEx, or USPS
A website-revamp may be an action-item after your audit.
We’ll help you think more critically about your business, boost growth and operate more efficiently.
Attract a specific audience and deliver a personalized experience for all your campaigns.
SERVICES
• Owners are protected from personal liability fro company debts and obligations.
• Corporations have a reliable body of legal precedent to guide owners and managers.
• Corporations are the best vehicle for eventual public companies.
• Corporations can more easily raise capital through the sale of securities.
• Corporations can easily transfer ownership through the transfer of securities.
• Corporations can have an unlimited life.
• Corporations can create tax benefits under certain circumstances, but note that C corporations may be subject to “double taxation” on profits. To avoid this, many business owners elect to operate their corporations under subchapter S of the Internal Code. Also known as an S corporation, this entity allows income to pass through to the individual shareholders.
LIMITED LIABILITY COMPANY (LLC)
ADVANTAGES & LIMITATIONS
• For sole proprietorships and general partnerships, the advantage of filing a DBA is that it does not provide the same ongoing compliance requirements of incorporating or forming an LLC. It merely allows the company to transact business with the new name. The limitation is that it does not provide the liability protection and tax advantages of incorporating.
• A DBA filing does not change the official name of the corporation or LLC. It only allows the business to use a different name in trade, which can be in addition to or instead of the official corporate or LLC name.
Another business type that is formed under state law and gives you personal liability protection is the LLC. Tax-wise, an LLC is similar to an S corporation (or S corp), with business income and expenses reported on your personal tax return. If you are the only owner of an LLC, you are viewed as a “disregarded” entity. This means you report the LLC’s income and expenses on Schedule C of Form 1040─the same schedule used by sole proprietors.An LLC might be the right type of business for you if:
• Your startup company anticipates losses for at least two years and you want to be able to pass the losses through to yourself and the other owners
• Flexibility for accounting methods is desired, because LLCs are not required to use the accrual method of accounting as C corporations typically are
• Your business may own real estate
• You want management flexibility, since LLCs offer more flexibility than corporations in terms of how the management of the business is structured
•You wish to minimize ongoing formalities; unlike corporations, which are required to hold annual meetings of directors and shareholders and keep detailed documents and records for all corporate meetings and major business decisions, LLCs do not face strict ongoing meeting and documentation requirements
• You want flexibility for sharing profits among owners
S CORPORATION
• May need venture capital for financing
• Want flexible profit-sharing among owners
• Want company earnings to stay in your business so that it can grow
• Want flexibility to spread the business earnings between the corporation and shareholders for tax-planning purposes
• Want flexibility to set salaries for employees/owners to minimize Social Security and Medicare taxes
• Want flexibility to provide (through the corporation) substantial health and medical benefits and other fringe benefit programs for things like education, life insurance, and transportation costs
• Want to be able to easily sell your business
• Want to provide an accountable plan for travel & entertainment
• Want to be able to offer stock options to employees
• Expect your business to own real estate
• Prefer to lower your risk of IRS audit exposure, since there is a higher audit rate for business income that is reported solely on Schedule C of Form 1040 (U.S. Individual Income Tax Return)
Once you’ve incorporated, you can elect S corporation status by filing a form with the IRS and with your state, if applicable, so that profits, losses and other tax items pass through the corporation to you and are reported on your personal tax return (the S corporation does not pay tax). An S corporation might be the right business type for you if:
• You want to take advantage of benefits that the corporate business type holds, but you want to take advantage of pass-through taxation
• You want flexibility to set salaries for employee/owners to minimize Social Security and Medicare taxes
• Flexibility of accounting methods is desired, because corporations must use the accrual method of accounting unless they are considered to be a small corporation (with gross receipts of $5,000,000 or less) and S corporations typically don’t have to use the accrual method unless they have inventory
• Lower risk of IRS audit exposure is desired, because S corporations file an informational tax return (Form 1120 S U.S. Income Tax Return for an S Corporation) and there is a higher audit rate for business income that is reported solely on Schedule C of Form 1040 (U.S. Individual Income Tax Return)
SERVICES
GOOGLE ADS | SEM
• Owners are protected from personal liability fro company debts and obligations.
• Corporations have a reliable body of legal precedent to guide owners and managers.
• Corporations are the best vehicle for eventual public companies.
• Corporations can more easily raise capital through the sale of securities.
• Corporations can easily transfer ownership through the transfer of securities.
• Corporations can have an unlimited life.
• Corporations can create tax benefits under certain circumstances, but note that C corporations may be subject to “double taxation” on profits. To avoid this, many business owners elect to operate their corporations under subchapter S of the Internal Code. Also known as an S corporation, this entity allows income to pass through to the individual shareholders.
ADVANTAGES & LIMITATIONS
• For sole proprietorships and general partnerships, the advantage of filing a DBA is that it does not provide the same ongoing compliance requirements of incorporating or forming an LLC. It merely allows the company to transact business with the new name. The limitation is that it does not provide the liability protection and tax advantages of incorporating.
• A DBA filing does not change the official name of the corporation or LLC. It only allows the business to use a different name in trade, which can be in addition to or instead of the official corporate or LLC name.
LIMITED LIABILITY COMPANY (LLC)
Another business type that is formed under state law and gives you personal liability protection is the LLC. Tax-wise, an LLC is similar to an S corporation (or S corp), with business income and expenses reported on your personal tax return. If you are the only owner of an LLC, you are viewed as a “disregarded” entity. This means you report the LLC’s income and expenses on Schedule C of Form 1040─the same schedule used by sole proprietors.An LLC might be the right type of business for you if:
• Your startup company anticipates losses for at least two years and you want to be able to pass the losses through to yourself and the other owners
• Flexibility for accounting methods is desired, because LLCs are not required to use the accrual method of accounting as C corporations typically are
• Your business may own real estate
• You want management flexibility, since LLCs offer more flexibility than corporations in terms of how the management of the business is structured
•You wish to minimize ongoing formalities; unlike corporations, which are required to hold annual meetings of directors and shareholders and keep detailed documents and records for all corporate meetings and major business decisions, LLCs do not face strict ongoing meeting and documentation requirements
• You want flexibility for sharing profits among owners
• May need venture capital for financing
• Want flexible profit-sharing among owners
• Want company earnings to stay in your business so that it can grow
• Want flexibility to spread the business earnings between the corporation and shareholders for tax-planning purposes
• Want flexibility to set salaries for employees/owners to minimize Social Security and Medicare taxes
• Want flexibility to provide (through the corporation) substantial health and medical benefits and other fringe benefit programs for things like education, life insurance, and transportation costs
• Want to be able to easily sell your business
• Want to provide an accountable plan for travel & entertainment
• Want to be able to offer stock options to employees
• Expect your business to own real estate
• Prefer to lower your risk of IRS audit exposure, since there is a higher audit rate for business income that is reported solely on Schedule C of Form 1040 (U.S. Individual Income Tax Return)
S CORPORATION
Once you’ve incorporated, you can elect S corporation status by filing a form with the IRS and with your state, if applicable, so that profits, losses and other tax items pass through the corporation to you and are reported on your personal tax return (the S corporation does not pay tax). An S corporation might be the right business type for you if:
• You want to take advantage of benefits that the corporate business type holds, but you want to take advantage of pass-through taxation
• You want flexibility to set salaries for employee/owners to minimize Social Security and Medicare taxes
• Flexibility of accounting methods is desired, because corporations must use the accrual method of accounting unless they are considered to be a small corporation (with gross receipts of $5,000,000 or less) and S corporations typically don’t have to use the accrual method unless they have inventory
• Lower risk of IRS audit exposure is desired, because S corporations file an informational tax return (Form 1120 S U.S. Income Tax Return for an S Corporation) and there is a higher audit rate for business income that is reported solely on Schedule C of Form 1040 (U.S. Individual Income Tax Return)
WHY INCORPORATE?
RELATED SERVICES
SBP will help you finalize your domain name(s), set up your business email, and advise you on your new website.
SBP offers a suite of services to aspiring entrepreneurs looking to get their businesses off of the ground
SBP will establish a multi-dimensonal marketing strategy that will drive more traffic.
RELATED SERVICES
SBP will help you finalize your domain name(s), set up your business email, and advise you on your new website.
SBP offers a suite of services to aspiring entrepreneurs looking to get their businesses off of the ground
SBP will establish a multi-dimensonal marketing strategy that will drive more traffic.
SBP TAKES YOU FROM DREAMER, TO DOER
Contacting us is the best way to get your new business up and running and partnered with other businesses in the South Bay. Fill out the form below or give us a call to Incorporate your business.
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