A corporation is a separate legal
entity that can shield the owners from personal liability
and company debt. As a separate entity, it can buy
real estate, enter into contracts, sue and be sued completely
separately from its owners. Also, money can be raised
easier via the sale of stock; its ownership can be transferred
via the transfer of stock; the duration of the corporation
is perpetual (the business can continue regardless of
ownership); and the tax advantages can be considerable
(i.e. you are able to deduct many business expenses,
healthcare programs, etc. that other legal entities like LLC's
are not). Income is reported completely separate via
a tax return for the corporation.
Well file your incorporation documents with the State and ship
the completed filing to you via your chosen shipping method. Yes, its that simple! We also
provide you with the necessary after-incorporation paperwork including personalized Corporate
Bylaws, Organizational Meeting Minutes, "The New Corporation Handbook" and a Startup
Checklist specific to your state that details tasks like getting a business license, a sales tax
permit or hiring employees. See what else is included in our
More Information on Incorporating:
"Incorporating" or "incorporation" is the process whereby you formally incorporate a business as a separate business entity - an official filing where you start a corporation at the state level. Depending on the state, this is accomplished by:
Clearing your corporation business name for acceptance by comparing it with existing corporations on file.
Filing Artices of Incorporation (also known as a "Certificate of Incorporation") with the state's document filing office.
Holding an Organizational Meeting (which specifies who becomes an officer or director and issues stock to the shareholders) and adopting the Corporate Bylaws (the rules your corporation adopts for internal governance including adding/removing officer and directors, handling disputes, etc.).
Final Formalities: The corporation must then obtain a Federal Employer Identification Number (also known as an FEIN - we can obtain this on your behalf) and then open a bank account so company funds can be managed separately. Finally, your local jurisdiction (city or county) may require your company to obtain a business license which grants the corporation authority to conduct business operations within city or county limits.