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Deciding on Corporation Type: Before starting the incorporation process, it’s essential to determine the type of corporation you want to form.
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Filing Articles of Incorporation: Launch the process by submitting the necessary legal documents known as the articles of incorporation.
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Following Corporate Formalities: After incorporation, ensure to comply with corporate formalities to maintain personal liability protection.
- Limited Liability Company (LLC): An LLC is a pass-through entity allowing profits and losses to pass through to owners.
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Articles of Incorporation: This comprehensive legal document outlines basic business details required by every state for incorporation.
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Company Bylaws: Establish rules and responsibilities that every designated member must adhere to.
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Certificate of Incorporation: This document serves as the birth certificate of the company and includes information like company name, business purpose, and more.
To establish a business entity successfully, ensure you have the following documents ready:
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Business Name Reservation form (for corporations and LLCs): Reserves a unique name for the business during incorporation.
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Articles of Incorporation: Main legal document required for forming a corporation.
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Other Incorporation Paperwork: Additional forms essential for creating and maintaining the legal entity of the business.
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Choosing an Operating Location: Ensure compliance with all licensing and zoning regulations in the chosen location.
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Selecting a Registered Agent: Designate a registered agent who will receive official documents on behalf of the company.
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Determining Corporation Type: Research and understand the various types of corporations available for new businesses.
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Corporate Formalities: Understand and follow the necessary corporate formalities to maintain the incorporated status.