Start Your Business
on a Solid Foundation.
We Handle the Rest.
From selecting the right state for incorporation to managing ongoing compliance and payroll — we handle the paperwork so you can focus on building your business.
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From Idea to Operating
Business in 4 Steps
We handle every step of the business formation process — so you start with the right structure, the right registrations, and zero gaps in compliance.
I needed to incorporate quickly before landing a major contract. WELFO had my LLC formed, EIN obtained, and operating agreement ready in three days. Incredibly efficient — I wouldn't have known where to start on my own.
Startup & Compliance
Services
Every administrative and compliance task your business needs — handled correctly, on time, by a licensed CPA.
New Business Incorporation
Full support in choosing the right state and registering your new LLC or Corporation — including all state filings, registered agent coordination, and formation documents.
- LLC formation (all 50 states)
- C-Corp and S-Corp formation
- Articles of Incorporation / Organization
- Operating Agreement preparation
- Registered agent guidance
EIN & Sales Tax Registration
Obtaining your Federal Tax ID and state sales tax permits required to start operations — applied for directly with the IRS and state agencies on your behalf.
- EIN obtainment (1–2 business days)
- State income tax registration
- Sales & use tax permit registration
- Multi-state registration for nexus states
- Business license guidance
Payroll Setup & Services
Implementing reliable payroll systems for owners and employees — including tax withholdings, deposits, and quarterly payroll tax filings handled correctly.
- Payroll system setup and configuration
- Federal and state tax withholdings
- Quarterly Form 941 filings
- S-Corp owner payroll compliance
- Year-end W-2 preparation
1099 & W-2 Compliance
Accurate preparation and filing of year-end information returns for employees and contractors — meeting all IRS and state deadlines and avoiding costly penalties.
- Form 1099-NEC for contractors ($600+)
- Form 1099-MISC preparation
- W-2 preparation for all employees
- IRS and SSA electronic filing
- Recipient copy distribution
BOI Reporting (FinCEN)
Mandatory filing of Beneficial Ownership Information to comply with the Corporate Transparency Act — required for most LLCs and corporations formed or operating in the US.
- Initial BOI report preparation
- FinCEN electronic submission
- Updated reports for ownership changes
- New entity 30-day filing requirement
- Penalty avoidance ($500/day non-compliance)
S-Corp Election & Annual Reports
Filing Form 2553 for S-Corp status election and handling annual report filings to keep your business in good standing with the state — every year, on time.
- S-Corp election (Form 2553)
- Late election relief if missed deadline
- Annual report filings (all states)
- Statement of Information filings
- Good standing monitoring
Choosing the Right
State to Incorporate
The state you incorporate in affects your privacy, taxes, fees, and ongoing compliance requirements. Here are the most popular choices — and what each is best for.
Your Home State
For most small businesses operating locally, incorporating in your home state is the simplest and most cost-effective choice — avoiding foreign registration fees in a second state.
- No foreign registration required
- Lower total annual costs
- Simpler compliance
- Best for local businesses
Recommended for most small businesses and sole-proprietor LLCs.
Delaware
The gold standard for venture-backed startups and corporations planning to raise investment. Delaware's Court of Chancery and flexible corporate law are favored by investors.
- Investor-friendly legal framework
- No state income tax on out-of-state income
- Strong privacy protections
- Required for most VC-backed companies
Best for startups seeking investment or planning to go public.
Wyoming
Wyoming offers the strongest privacy protections of any US state, no state income tax, low annual fees, and strong LLC charging order protections — popular for asset protection.
- No state income tax
- No public member disclosure
- Strong asset protection laws
- Low annual fees (~$60/year)
Best for privacy-focused owners and holding companies.
Not sure which state is right for you?
We analyze your situation — where you operate, your goals, and your budget — and give you a specific recommendation with the total cost comparison.
BOI Reporting:
Required for Most Businesses
Under the Corporate Transparency Act, most LLCs and corporations formed or operating in the United States are now required to file Beneficial Ownership Information (BOI) reports with FinCEN — the Financial Crimes Enforcement Network.
New businesses must file within 30 days of formation. Existing businesses must keep their BOI current whenever ownership or management changes. Non-compliance can result in civil penalties of $500 per day.
$500/Day Penalty for Non-Compliance
Most businesses formed after January 1, 2024 must file their initial BOI report within 30 days of formation. We handle the filing accurately and on time — and notify you when updates are required.
File My BOI Report →Does Your Business
Need to File?
| Entity Type | BOI Required? |
|---|---|
| Single-member LLC | ✓ Yes |
| Multi-member LLC | ✓ Yes |
| Corporation (C-Corp) | ✓ Yes |
| S-Corporation | ✓ Yes |
| Sole proprietorship (no LLC) | ✕ No |
| Publicly traded company | ✕ No |
| Regulated financial institution | ✕ No |
| Large operating company (20+ FTE) | ✕ No |
* 23 exemptions exist. Contact us to confirm your filing requirement.
Identify Beneficial Owners
Anyone who owns 25%+ of the entity or exercises substantial control must be reported — with name, DOB, address, and ID document.
Prepare Documentation
We collect the required information and prepare the complete FinCEN filing with all required supporting documents.
Submit to FinCEN
Filed electronically through FinCEN's secure portal. No fee for the filing itself — only our flat preparation fee.
1099s & W-2s:
Filed Right, On Time
Missing information return deadlines triggers automatic IRS penalties — up to $310 per form. We prepare and file all required forms before the deadline every year.
Form 1099-NEC
Required for every contractor, freelancer, or unincorporated vendor you paid $600 or more during the year. Deadline: January 31.
- Preparation of all 1099-NEC forms
- IRS electronic filing (FIRE system)
- State filing where required
- Contractor copy distribution
Form W-2
Required for every employee who received wages during the year. Must be provided to employees and filed with the SSA by January 31.
- W-2 preparation for all employees
- SSA electronic filing
- State W-2 filing where required
- Employee copy distribution
Penalties for Late or Missing Forms
| Days Late | Penalty Per Form |
|---|---|
| 1–30 days late | $60 per form |
| 31 days to August 1 | $120 per form |
| After August 1 | $310 per form |
| Intentional disregard | $630 per form |
* 2024 penalty amounts. Separate recipient copy penalties also apply.
Contractor vs. Employee
Misclassifying an employee as a contractor — or vice versa — triggers significant IRS and state tax liabilities. We help you determine the correct classification and file accordingly.
Get Classification Advice →Business Formation Questions,
Answered Honestly
Ready to Launch or
Stay Compliant?
We handle the compliance work — so you can focus on building your business.
All 50 states · Flat-fee pricing · Fast turnaround · English & Russian