Sunday, July 26, 2009

Need Some Help On How To Incorporate Your Company?

By Thomas Markley

If the time has come to start your own business, you will need to learn how to incorporate it. Business incorporating is a relatively easy process and the first stages can be done and dusted within a few hours. Firstly, you need to ensure that the stock is owned by you, family members and business colleagues; there should be no stock owned in the public domain.

Your first task is to decide which state you are going to incorporate in. It is likely that this will be your home state or the state that you do the most business in; if you decide to incorporate out of your home state, you need to be aware that you will have to still register in

After the state has been chosen, you need to think about a company name. It must be original and available; a search on the internet will show names already taken and the Patent Office will give all the registered trademarks already taken. Form will need to be completed for the registration of the name. This step must be fulfilled before any other paperwork is completed.

A Registered Agent needs to be chosen and they will be responsible for registering the corporation in your chosen state. The agent can be an attorney, yourself, a family member or a company that specializes in this process. The agent must live and work in the state you are intending to register in.

Blank registration forms can be picked up from the state corporate filing department and then filled in. Information that will need to be provided on the form include the amount of shares of stocks as well as the type, the main purpose of the company and the main place of business. You will also be required to prepare Corporate Bylaws, however these do not need to be filed. This should include information such as proposed dates for holding annual shareholder conferences.

Ready to use forms can then be acquired from the corporate filing office in your chosen state. These forms must be filled in completely and returned to the appropriate office with the applicable registration fee. The form will require information such as your main business premises' details, the objectives of your company and the number of stocks of shares and their types. Corporate Bylaw information, which includes details like intended annual meetings for shareholders, should be prepared but not filed to the office in question.

Other matters affecting how to incorporate your company include the election of directors of the board. They will be responsible for overseeing the running of the company and will act in the best interests of all of the company's shareholders. An Employee Identification Number (or EIN) needs to be obtained before your business will be recognized as legal. Many banking institutions will require you to have an EIN before they allow you to open an account with them. It is also needed for reasons pertaining to the IRS.

There is an abundance of information and tutorials available to help you learn how to incorporate your business effectively. If you feel that you need expert guidance on how to incorporate a company, you can approach an attorney or a company that deals with incorporation on a daily basis. - 16890

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