OOOGEE's Myriad Services, BTA Business Services)

Welcome to Myriad Services... A part of the OOOGEE.COM Network.....a Myriad of Jobs..., a Myriad of Service, Myriad Service BTA... Your welcome to apply online for exciting jobs across the nations, Incorporate your business now press the business button to your left...Accounting, Sales, Finance, Comptroller, CPA, Investment Bankers, Loan Officers, Underwriters, admin assist. construction, and more.. WOW were having fun Now!

Myriad Services, BTA

Business Services

The major benefits of incorporating your business are the limits it affords you against business liability as well as personal debts liability. In case of a lawsuit or judgment against your business, no one can seize your personal assets, your home, car, bank accounts, etc. Your exposure to loss is limited to the assets of the corporation. In the reverse case, if an individual has credit problems, the corporation's assets cannot be touched.
Tax Advantages

There are many more tax options available to corporations than proprietorships or partnerships. For example, a corporation may receive greater tax deductions for health insurance. A corporation may also set up several benefit programs for employees, which are considered a business expense, and can lower the taxable income of the corporation. Leasing of vehicles, pension and retirement funds, including the matching of funds put into retirement plans by the corporation are some examples. Through the issuance of stock, there is a greater opportunity to raise capital.

How many directors and officers are required to form a corporation?

In most states, one person canform the corporation. That person can hold all offices - Board of Directors, President, Secretary and Treasurer.

Stockholders, Directors, Officers

The stockholder(s) are the owner(s)of the corporation; they have made an investment (financial, property or maybe some expertise) in exchange for owning some or all the stock of the corporation. In general, since the stockholders elect the persons who serve on the board of directors, the corporation is controlled by the stockholders. Stockholders who own more than 50% of the corporation's common stock will have the ultimate power in the running of the business.

The Directors are the main managers of the corporation. They create the vision and set the course of the corporation. They also elect the officers of the corporation.

The Officers, which are the President, Secretary, and Treasurer, run the day-to-day operations of the corporation. Each have their specific duty in the running of the corporation, depending on the size of the company.

Other titles may be created, for example: Vice President. The larger the corporation becomes, the greater the need to delegate responsibilities.

Do I need an attorney to form a corporation?

No. We do encourage you to consult with an attorney as Myriad Services cannot provide you with legal advice. However, to form your corporation, you can use our incorporation service to save money on the administrative aspects of the formation of your corporation. Myriad Services provides quality service at low prices.

What is a "C" corporation?

The term "C" corporation stands for the way in which your corporation will be taxed by the IRS. There is a corporate income tax on the profits of a "C"corporation. And, in addition, if a dividend is paid to the stockholders from the corporation's retained earnings, the dividend must be included on the stockholders personal tax return. Therefore, the profits of a "C" corporation are subject to possible double taxation. The corporation you form will be taxed as a "C"corporation this year unless you file IRS form 2553 to elect tax status as a "S" corporation.

What is a "S" corporation?

The term "S" corporation stands for the way in which your corporation will be taxed by the IRS. There is no corporate income tax on profits; instead the annual profit of an "S" corporation is included on the personal return of each stockholder. IRS form 2553 must be filed within 75 days of incorporation to be treated as a "S"corporation for tax purposes. This form is provided in your corporate outfit which is supplied with every Myriad Services, BTA corporation order.

NON-Profit (Faith Base Initiatives)

White House Office of Faith-Based and Community Initiatives (OFBCI), we will be aggregating and disseminating information about the new office and its programs. Our Vision is to educate and assist new and existing Faith-Based and Community Initiatives to apply and qualify for competitive Federal Funding. Please note that we are an informational website and not the White House Office of Faith-Based & Community Initiatives nor are we affiliated with OFBCI in any manner.
Effective immediately, the Federal Government has adopted a new attitude to honor and not restrict faith-based and community initiatives, to accept rather than dismiss such programs, and to empower rather than ignore them.

In welfare and social policy, the Federal Government will play a new role as supporter, enabler, catalyst and collaborator with faith-based and community organizations. The White House Office of Faith-Based and Community Initiatives has been established to make Federal programs more friendly to faith-based and community solutions and to make federal funding more accessible.

By Executive Order, effective immediately, each of the following Cabinet agencies will create its own Center for Faith-Based and Community Initiatives to work in tandem with the White House OFBCI, to make federal grants available to Faith-Based and Community Initiatives nationwide.

Cabinet Centers for Faith-Based and Community Initiatives:
Department of Health and Human Services;
Department of Housing and Urban Development;
Department of Labor;
Department of Justice; and
Department of Education.

Myriad Service is a convenient way of providing direct links to each of these 5 federal agencies and their respective grant programs. We also provide direct links to Charitable Choice Organization for Faith Groups as well as a List of State Liaisons for Faith-Based Initiatives. Grant descriptions, applications, instructions, qualifications, and deadlines are now just a click away. Receive assistance in procurring your 501(3)(c) Check back often as we will be posting additional links and information as it becomes available.

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