Business Formations
Business Structures
Forming your business with Xirxi Business is fast and easy. Simply answer a series of questions online, and we’ll take care of the rest.
Incorporation
- Personal liability protection
- Can spread profits between the owners and the corporation to lower the effective tax rate
- Formal meetings and record-keeping required
LLC
- Same liability protection as a corporation
- No corporate tax, profits passed directly to owners
- Fewer corporate formalities required
DBA
- Not a formal business structure
- Required to legally conduct business under a trade name
- Minimal maintenance required