Formation & Compliance
LLC or C corp: what you plan for the next 2 years
A decision table for choosing an LLC or a C corp by your plans for investors, profits, losses, and foreign owners, with 2026 federal tax math comparing the two.
Formation & Compliance
These guides cover two things. First, how to choose an entity and a state. Second, how to keep the company in good standing: annual reports, franchise taxes, and the filings that change an LLC into a corporation. Each guide starts from the state law or IRS form it is based on. The guides are listed in the order a new company usually needs them.
Read them in this order
Formation & ComplianceWyoming vs Delaware LLC: two-year state costs
Wyoming vs Delaware LLC state costs for the first two years, taken from state sources and compared with New Mexico, plus why your operating state matters.
Formation & ComplianceNew LLC annual report and franchise tax: 7 states
See when a new LLC's first annual report or state tax comes due in seven states, what each filing costs, and what happens if you miss one.
Formation & ComplianceLLC to C corp: four paths, filings, tax treatment
Four main ways an LLC reaches C corp status, Delaware fees, how the IRS treats a conversion, the final 1065 and first 1120, and when the QSBS clock starts.
Formation & ComplianceEIN without an SSN: fax, mail, or phone
No SSN or ITIN means no online EIN. Compare the fax, mail, and phone routes for Form SS-4. See which lines slow a no-SSN application and where IRS letters go.
Next step
save biz is preparing formation, tax, and bookkeeping services
The services are not open yet. Until then, we publish guides. Each guide links to the IRS or state source it is based on.