Forming a Corporation
To start, choose a unique name and state to incorporate in. Get directors and establish officers. Follow your state’s requirements for articles of incorporation and bylaws. Use an online service to form a corporation more easily.
Corporation Characteristics and Governance
Corporations shield owners from liability and have benefits for shareholders. Shareholders elect the board of directors who oversee operations and officers. Corporations make profits separate from owners. If a corporation dissolves, assets pay debts first.
Setting Up as a Corporation
You can start your own corporation in 5 easy steps to save money on taxes, attract investors, protect yourself, or boost reputability. A corporation is a legal business entity separate from owners.
To start a corporation, file formation documents and set up a board of directors. Obtain a corporate address and verify the name is unique before trademark issues arise. Consider whether to form a C-corp or S-corp depending on ownership, taxes, and profit plans.