Incorporate a Business Today

Incorporating Your Business

2009-10-11T06:24:00.000-07:00

There are many reasons a taxpayer may look to incorporate their business ranging from legitimacy, liability limitation and tax mitigation. Understanding these many nuances is your best first step in ensuring that you chose an entity type is best achieving success given your business model and operations. Entity selection is determinant on many issues ranging from citizenship, number of shareholders, ease of operation, tax obligations and year-end filings and even who your shareholders will be. Though many of these issues will conflict, working with a professional who is well versed in these issues will help you make the best election available for your new American Business.

New Corporation Forms and Registrations Checklist

Whether you are just incorporating or have been in business for years. This summary will enable you to quickly locate the forms and guidance you need to ensure your business maintains tax compliance.

Incorporating Your Leadership

Knowing who will lead your business, their morals, beliefs and work ethic are essential to success in your new business venture. Determining who should be at the helm and who should follow will do much to avoid needless delays and time lost in aimless decision making.

Incorporating the Details

Learning the basics of incorporation will do much to ensure that you do not make a costly mistake. Discovering the details of what all is involved in your new Georgia business will much to ensure you avoid costly mistakes and blunders.

Choosing an Entity Type

Your initial choice of entity is perhaps the most important tax, financial and legal decision you might ever reach. Being well versed in these areas is essential to a wise and prudent decision.

Tax Effects of Entity Choice

Carefully considering the tax effects of your entity choice is essential to getting your business off on the right foot. Being careful to avoid, if at all possible, the double taxation of C Corporations and then selecting the right entity for your business from both a tax and legal perspective is critical.

Getting Started

Understanding many of the basics of the start of the incorporation process will do much to ensure that you are well-versed and able to make wise and informed decisions. As these issues will affect your business operations and finances during the lifetime of your business they are essential to getting started well.

Determining Where to Incorporate

The decision of where to incorporate your business is a critical component of getting your business started. Learn what you need to know to make a well-informed decision.

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7 Steps to Incorporate a Business

2009-09-11T06:50:00.000-07:00

Do you have a business or are you planning to start one? Are you thinking of incorporating your business? Do you wanna know how to incorporate your business? If yes, read the steps below on How to Incorporate a Business as suggested by ehow.com

Step 1

Determine if you want out-of-state, in-state or foreign incorporation. Most small and medium-sized businesses incorporate in the state where the majority of their business is conducted.

Step 2

Enter into a preincorporation agreement with the co-founders of the business, establishing who will serve on the first board of directors, who will buy stock, how many shares and at what price.

Step 3

File an application for registration of the name under which you wish to incorporate. Contact the Secretary of State's office to obtain the forms. After you file, the office will let you know if the name has been taken.

Step 4

Prepare articles of incorporation for your business, following instructions from the Secretary of State's office. The office will send you a certificate of incorporation, which will include the name of the company, the purpose for which it is being formed, the location of the company and other basic information.

Step 5

Sign the certificate. The number of legally qualified individuals required to sign varies from state to state.

Step 6

Hold a stockholders' meeting after you receive your corporate charter from the state.

Step 7

Adopt corporate bylaws and elect the board of directors at the meeting. Send an agenda to shareholders before the meeting to let them know what issues (and board candidates) they will be voting on. Once the board is formally elected, any documents created in connection with the preincorporation agreement need to be adopted.

Source : How to Incorporate a Business

Filing Fees for Incorporating in Nevada

2009-09-04T00:24:00.000-07:00

Curious about how much you will be paying for a business incorporation in Nevada? Here's an article that can give you a clue on how much is the filing fee for incorporating in Neveda entitled Incorporating a Business in Nevada written by Wayne Henrick.

In Nevada, the filing fees for incorporating in Nevada are much lower than those in other states, which can run into several hundred dollars depending on the particular state in question. If you choose to form an LLC in Nevada, you will receive the same protections as a corporate entity would, another impressive advantage to a Nevada limited liability company.

If your business is physically operated and located in Nevada, and if your employees are legal residents of the state of Nevada, you will enjoy other benefits. One big one is that there is no state income tax that your business will need to pay. Another benefit to Nevada business owners is that Nevada does not exchange information with the Internal Revenue Service. Again, this applies only to Nevada-based businesses with resident of Nevada employees.

It can make sense to incorporate in Nevada if you are a small business owner. To be sure if Nevada incorporation is a smart move for you and your company, you will want to contact an accountant or tax adviser, or a lawyer, but this can be a costly option. Many business owners turn to online services, who have knowledge of each state's requirements for incorporation, and can handle the paperwork for you so that your business is properly incorporated in any state you wish.

To read the full article, click Incorporating a Business in Nevada by Wayne Henrick

Wanna learn more? Read on Incorporate a Business: Affiliate Tips

Requirements for Incorporating in Nevada

2009-08-27T01:15:00.000-07:00

Do you wanna know the requirements for incorporating a business in Nevada? Read the article below entitled What's Required to Incorporate in Nevada? written by Wayne Hemrick.

Every state has different requirements and procedures. If you plan to incorporate in Nevada, you'll need to know the ins and outs; it may be advantageous to hire an Internet consultant to assist you when you decide to incorporate online. Such an agency can be very helpful in making preparations when forming your Nevada corporation.

Getting Started

In order to form an LLC or otherwise incorporate in Nevada, the first thing you'll need is a unique name for your company. If you are using a personal name, you'll need to add "Inc.", "Co." or "Ltd." in order to make it clear that it is in fact a business and not a natural person. In addition, certain types of businesses must be approved by the state before incorporating in Nevada. This pertains specifically to financial services, engineering firms and insurance carriers.

Articles of Incorporation

Virtually every state requires that such documents be filed, and Nevada is no exception. In order to form an LLC in the state of Nevada, you must document the fact that you are of legal age (18 or older), include the location of your primary residence, and certify that you are in fact the director. If there are other directors, the same information must be filed when you incorporate a business in Nevada.

While it is not necessary in order to form an LLC, if you are planning to incorporate in Nevada as a C-Corp or S-Corp and will be selling stock in the company, the Articles of Incorporation must include information on the type and amount of stock that will be issued.

Resident Agent

Every state requires a corporation to have a "resident agent." This person is someone who actually resides in the state of Nevada, who is authorized to receive correspondence from state agencies.

Once You're Up and Running

Incorporating in Nevada is not difficult or expensive as long as standard set procedures are followed.

Once you form an LLC in Nevada, you'll need to furnish a list of officers and directors, even if that is you alone, as well as that of your resident agent. This information pertaining to your Nevada corporation will need to be updated every year.

To read the full article, click What's Required to Incorporate in Nevada? by Wayne Hemrick

Wanna learn more? Read on Filing Fees for Incorporating in Nevada

Attractive Features of Incorporating in Delaware

2009-08-20T01:43:00.000-07:00

Are you thinking of incorporating your business? Do you wanna know the benefits of incorporating in Delaware? Read on the article below entitled Deciding Which State to Incorporate Your Small Business in written by Jacob Wren.

There are advantages to incorporating in different states with regard to corporate laws and tax structure. Delaware is by far the most popular state for incorporation. Most of the fortune 500 companies are incorporated in Delaware.

Some of the most attractive features of incorporating in Delaware include:

1. Lack of corporate income tax for corporations incorporated in Delaware but not transacting business in the state.

2. Delaware has a separate corporate law system that uses judges appointed for their knowledge of corporate law as opposed to juries, whose knowledge of corporate law is limited at best.

3. Shares of stock owned by persons outside of Delaware are not subject to Delaware taxes.

For a small business deciding weather or not to incorporate in Delaware it is necessary to measure the cost of qualifying as a “foreign corporation” in the state of operation versus the amount that will be saved by incorporating a small business in Delaware. Typically it is not advantageous for small businesses to incorporate outside of their home state as even small businesses are usually required to pay corporate taxes in both the state of foreign operation and the state of incorporation.

To read the full article, click Deciding Which State to Incorporate Your Small Business In written by Jacob Wren

Wanna learn more? Read on Requirements for Incorporating in Nevada

What is the Delaware Journal of Corporate Law?

2009-08-13T02:28:00.000-07:00

The Delaware Journal of Corporate Law is the most established law review of Widener University School of Law. Established in 1975, the Journal has continually provided the nation’s legal community with well-researched and analytical articles on issues of timely significance. Currently in our thirty-fourth volume, the Journal publishes three issues per volume.

Because the Journal is situated in Delaware, the heart of American corporate activity, it is in a unique position to maintain a corporate law focus. Its scope, however, is extremely broad. We consider for publication articles that fall within the scope of the American Bar Association’s Section of Business Law. Some of the current committees of that section are: Professional Responsibility; Insurance Law; Law Firms; Criminal Laws; Employee Benefits; Alternative Dispute Resolution; Environmental Controls; Food, Drug and Cosmetic Law; Health Law; International Business Law; Public Interest Issues; and Telecommunications. Accordingly, future members of the Journal can expect to develop a range of knowledge extending far beyond corporate law.

The Journal’s articles, comments, and notes have achieved recognition both nationally and locally. Over 400 articles, including those found in Harvard Law Review, Yale Law Journal, Michigan Law Review, and Stanford Law Review have cited to Journal articles. Locally, the Delaware Supreme Court and Delaware Court of Chancery have cited to Journal articles in decisions. The Delaware Supreme Court cited to a student-written comment published in the Journal. See Arnold v. Society for Savings Bancorp., 650 A.2d 1270, 1288 (Del. 1994) (citing Bradford D. Bimson, Comment, Zirn v. VLI Corp.: The Far Reaching Implications of Loquacity, 19 Del. J. Corp. L. 1067, 1116 (1994)).

Recently, Washington & Lee Law School ranked the Journal 10th out of 411 specialized law reviews, 1st among student-edited journals based upon citations in federal and state court opinions under "Corporate Law," and 1st among 41 journals under "Business Law."

Some of our most notable subscribers include: The United States Supreme Court, Federal Trade Commission, General Mills, Bank of America, Time Warner, Inc., Blue Cross & Blue Shield, Skadden Arps Slate Meagher & Flom, Wachtell Lipton Rosen & Katz, and the Top 5 Delaware Law Firms.

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Incorporate a Business: Online Services

2009-08-06T23:59:00.000-07:00

Are you thinking of incorporating your business? Have you heard of incorporating a business online? Wanna know the services available online? If yes, read the article below entitled Incorporate Online by Steve Valentino.

There are many of service providers on the Internet who provide incorporation services. The services include filing the papers, providing registered agents for those states where the business is to be incorporated, name checking and final delivery of the documents. The charges include state filing fees that vary from state to state and service and shipping charges. If the incorporation process has to be expedited, the charges are usually higher.

Before filing online, you have to do a lot of homework either by yourself or with the counsel of a lawyer. This includes deciding on the type of corporation -- the most important part of the incorporation process because a wrong choice could lead to business losses. Secondly, you have to decide the states in which to incorporate.

To file, an online form has to be filled out, and once the ‘submit’ button is pressed, the online registration is over. A form may have to be filled in again, if the name chosen for incorporation is not available. Many online services act as registered agents in different states. Usually the fees are paid by credit cards. The number of days to process the application varies from state to state. The fees vary from $89-$329, plus state fees. Some online service providers offer value added services like compliance services and international services.

To read the full article, click Incorporate Online by Steve Valentino

Wanna learn more? Read on the Incorporate a Business: Advantages

Incorporate a Business: Affiliate Tips

2009-08-05T00:15:00.000-07:00

Are you a business affiliate? Do you feel the need for some tips in incorporating a business? If yes, read the article below entitled Affiliate Tip - Incorporate Your Business written by Shawn Collins.

It's time to make your business a business. If you've been using your social security number when you join affiliate programs and conduct other business, you may want to rethink things.

As your business grows, there are a number of reasons why you might want to incorporate.

Reasons to incorporate your business include people taking you seriously. When you add "Inc." to your company name, it makes your business appear bigger and more established than somebody working solo in their home office.

Also, there can be tax benefits when you incorporate a business, as well as some liability protection. Check in with your lawyer and accountant (they are also key for a growing business to be sure you are doing things correctly).

If you are aiming to convey that your business is a real workplace, you'll want to get a business phone line. Do you want potential business partners hearing the cute outgoing message on your regular home phone?

If the cost of a second phone line is cost prohibitive, have a look at VoIP (Voice-Over-Internet Protocol). VoIP is a technology that enables you to make phone calls through a broadband Internet connection rather than a regular phone line. This way you can save on monthly service fees and call charges.

Another step to consider to enhance your image as a real business is to have your domains registered and you business mail directed to a P.O. Box or a mailbox at the UPS Store.

Not only does this give a more professional impression, but it enables you to maintain privacy by not sharing your home address so openly.

To read the full article, click Affiliate Tip - Incorporate Your Business by Shawn Collins

Wanna learn more? Read on the Incorporate a Business: Online Services

Incorporate a Business: Advantages

2009-08-03T23:47:00.000-07:00

Do you have a business or are you planning to start one? Are you thinking of incorporating your business? Do you wanna know the benefits of incorporating? If yes, read the article below entitled Why Incorporate written by Steve Valentino.

It is important to know how much money you should risk, and incorporating a business venture reduces the risk and the personal liability. There are many advantages to incorporating a business. They are personal liability, tax advantages, anonymity, perpetuity, easier access to capital and transfer of ownership. A Corporation is made up of a group of persons called shareholders. Each has limited investment in the venture. The benefits they accrue is in the form of salaries if they are employees, as well as dividends and capital appreciation if the shares are listed. If the business incurs any loss, the shareholders are liable only for their investments. Their personal assets are protected.

Corporations enjoy many tax advantages when compared to proprietorship and partnership. Many expenses like rents, insurance plans and retirement plans can be claimed for deductions. In proprietorship and partnership, debt is the only way to raise capital. This comes at a higher interest due to unlimited liability. But corporations can raise capital by selling shares and can borrow money from institutions because of the credibility. As ownership is held in the form of shares, it is easy to transfer ownership by selling the shares. Corporations exist on their own by their legal entity status. This makes the corporation live longer and provides the founders anonymity as they are separate from the corporation.

To read the full article, click Why Incorporate by Steve Valentino