Many freelancers are unsure of the benefits of a formal entity or why they need one. You're not alone. Opolis assists you with entity creation and professionalizing your business end-to-end. Always consult a professional (CPA or tax attorney) to ensure that you make the choice best for your personal situation.
Why Professionalize Your Business
As freelancers, there are benefits to professionalizing the way your business is represented, and the way you create and deliver your output.
Protect Valuable Assets
Using an entity provides a safeguard for your assets from many future unforeseen legal or financial challenges.
Save Taxes
Many legal frameworks come with specific tax advantages to optimize tax liability. Never pay more than you absolutely have to!
Maintain Maximum Flexibility
Using a business entity allows your clients to work with you as a business, not an independent contractor. They need not worry about employment compliance or your worker status.
Protect Valuable Assets
Using an entity can provide a safeguard for your assets from unforeseen legal or financial challenges.
Maintain Flexibility
Using a business entity allows your clients to work with you as a business, not an independent contractor. Eliminate employment or worker compliance concerns.
Save Taxes
Many legal frameworks come with specific tax advantages to optimize tax liability. Never pay more than you absolutely have to!
Start Building Your Business
In order to formally 'employ' yourself the IRS requires you to elect an ‘S-Corp', 'C’-Corp' or other corporate designation. Unfortunately you cannot use a plain LLC to gain this benefit. Learn more about the differences between 'S' and 'C' Corps.
Many Opolis Members already had an LLC or Corporation formed before they joined and if they didn't, we helped guide them through the process.
Our team can get you started here or you can start the process yourself with LegalZoom, ZenBusiness or IncFile.