Corporate Services makes it easy for you to establish complete independence as a self-incorporated business. Establishing a corporate legal entity for your business can be an advantageous step if you have plans to grow, or even if you simply wish to take advantage of additional legal and tax benefits available only to small business owners.
Let MBO Partners help you set up your own company as an LLC or Corporation registered as either a C- or S-Corp tax structure. Our experienced Business Managers can help determine the most appropriate structure for your independent business.
MBO will set up your business with a registered agent, ensure your business name is available, obtain articles of incorporation, obtain an EIN from the IRS, file quarterly 941s, and provide a year-end state tax report. We also complete paperwork for your State tax ID, State unemployment ID, State locality tax, and provide real-time state tax reports.
Manage your business virtually and simply using our Operating System platform, MBO Access. Here, you can manage client onboarding, invoicing, collections, expense processing and compliance, tax withholding, and much more.
Corporate Services customers are assigned a dedicated Business Manager to answer questions, resolve issues, and personally assist with items relating to their independent business, including contract review, invoicing issues, collections, payroll management, and much more.
In 2015, almost 92,000 small businesses and self-employed individuals were audited by the IRS. For your protection, MBO offers the convenience of automatic tax withholding to ensure compliance with the IRS tax code. This reduces your chances of being flagged for an IRS audit.
Qualified business deductions can lower your taxable income, including qualified benefit plans and business expenses. MBO reviews, processes and documents these expenses (as well as expenses that are billable to your client) at no extra cost, removing the need for saving receipts and itemizing these expenses at the end of the year.
Leveraging MBO Partners' growing network of business insurance brokers and underwriters delivers Corporate Services customers great value in business insurance purchases. This includes packages for General Liability, Errors and Omissions and Worker's Compensation.
MBO has negotiated, set up and manages an optional health reimbursement account for you (a savings of $450 per year), saving you time, money and the hassle of shopping for a plan on your own.
Our Solo 401(k) is a high deferral retirement account designed for Corporate Services customers. You can defer up to the legal maximum per year in retirement funds, currently $53,000 annually (up to $59,000 if you are over age 50) and access extensive investment fund options.
With a high-deferral retirement account, Associates enjoy automated funding from their MBO account to E*TRADE, special discounted pricing, immediate enrollment eligibility, high roll-over bonuses, highly discounted pricing on stock & options trades and much, much more.