Getting Incorporated....

[AndyW]

Is there a place to get inc online?

Whats the difference
between

a INC and LLC?

[Dusty]

An incorporated business is a corporation, an LLC is a limited liability company. They're both similar, but they have their differences:

Similarities:
In both cases, the business is separated from its owners and becomes a legal entity unto itself.
In both cases, the liability of the owners are limited. That is, if the business goes into debt the owner is not responsible personally.

Differences:
In most states, one person alone can form a corporation, whereas LLCs take at least two people.
A corporation is immortal, it continues on regardless. An LLC generally dies with its owners.
Shares of corporations may be freely sold and transferred, transferal of LLC interest may only be done with the agreement of all the LLC's owners.
You get a better tax break with a corporation than you do with an LLC.
LLCs can have an unlimited number of owners, S-corporations are limited to 75 shareholders.
LLCs may have foreign owners, whereas for corporations it's Americans only.
Ownership of S-corporations is limited, LLC ownership is not. When I say limited, I mean that an S-corportation can't be owned by another corporation, a trust, an LLC, etc.
S-corportations can only own up to 80% of another corporation, LLC are free to own as many subsidiaries as they want.
A corporation is very formal, with shareholder meetings, director meetings, minutes must be kept, etc. LLCs are less formal.

You can file online at http://www.bizfilings.com/ (the above was paraphrased from their FAQs).

[AndyW]

Thank you very much for the info!