Client FAQs
Our Client FAQ page is here to provide information about how we work together.
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What the difference between an LLC and a corporation?There are many differences between an LLC and a corporation, both large and small. One of the most significant differences is the ownership structure. An LLC is owned by one or more individuals, while a corporation is owned by shareholders.
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How much does it cost to incorporate a business?SmartCloud Tax offers our LLC formation service at no cost; however, your Washington State will charge a tax-deductible fee, which varies by license type. Our fees apply only to value-added business services, available at different price points based on your selected package.
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What type of business entity should I start?We generally recommend forming an LLC due to its numerous advantages for small business entrepreneurs. After forming an LLC, you have 75 days to consider choosing a different business structure, such as an S corporation.
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How long does it take to have my business registered with the state?Most states process business registrations within 14 business days, although this timeframe can vary based on their current workload. Once your filing has been submitted, your SmartCloud team will notify you through the message center with an update.
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When will I receive my EIN Number?Once approval is received from the state, we apply for the EIN number, and we will deliver all of your documents in your SmartCloud Tax Client Portal. Approval is normally completed within 3 business days.
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What are the next steps after I have my business paperwork?With the documents we provide you will be able to open a business bank account as long as you have the state correspondence, EIN letter and Operating Agreement (available as an add-on purchase). Please note that SmartCloud Tax & Accounting is not involved in licensing and permits associated with business registration. To continue with those it would be best to contact your state’s Secretary of State or ask your SmartCloud Team for more information.
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How do I elect to be an S corp?We will supply you with a pre-filled IRS Form 2553, containing all your necessary details. Just print, sign, and send the form to the IRS to elect S corporation tax status.
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How do I communicate with the team handling my formation/dissolution?Send messages to your team directly through the message center in your SmartCloud Tax Client Portal. This is your go-to place for all inquiries and communications.
Welcome to the Client FAQ page!
Here, we provide essential information about managing your client experience through our SmartCloud Tax Client Portal. Whether you're preparing for your first meeting, looking to expand your services, or have questions about using our app, we've got all the details you need.
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1. What should I expect during my first meeting with SmartCloud?
Your first meeting with a SmartCloud advisor is designed to understand your financial goals and challenges. We'll review your current financial situation, discuss your business or personal tax needs, and outline how our services can be tailored to meet your objectives. It's helpful to have financial documents and any specific questions ready for this meeting to make the most of our time together.
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2. How can I add more services to my existing package?
Expanding your services with SmartCloud is straightforward. Log in to the SmartCloud Tax Client Portal, and select the 'Messages' option. Send your team a messages requesting assistance or if you have questions about a service, our support team is just a click or call away.
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3. How do I ask questions or get support through the app?
Our SmartCloud Tax Client Portal makes it easy to communicate with us. Once logged in, you can access the 'Messages' section to submit any questions or requests. We aim to respond to all inquiries quickly, ensuring you receive timely and efficient support.
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At SmartCloud Tax & Accounting, we are dedicated to providing a seamless and responsive client experience. Our Client Portal is designed to give you control over your services and access to our team whenever you need it. If you have further questions about the portal or our services, please do not hesitate to reach out.