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Although it is easier than ever to incorporate a business online, there is still
a lot you need to know before diving into the process. There are three common
business structures entrepreneurs often consider as they start their businesses:
C corporation,
S corporation,
and
Limited
Liability Company (LLC). Which structure is "best" depends on a number of
factors, such as the number of owners involved, the present and future goals for
the business, whether the owners wish to limit their personal liability, and the
desired type of taxation. 1. Select a Corporate Name
Selecting a company name can be
daunting task. Most Secretary of State (SOS) offices require you to check with
them to see if your chosen name is available before registering documents using
that name or starting the online incorporation process. In addition, most
require you to file paperwork for your fictitious name (DBA, or Doing Business
As) to register it prior to filing your corporate registration paperwork.
Typically, if you only operate in
one state, you should incorporate online in that state. If you operate in
multiple states, you should determine which state is the friendliest to
corporations and incorporate in that state. The friendliest state in the nation
is Delaware. It has designed its laws and legal precedents to be very business
friendly. LLC's and Inc's both have pluses and minuses. Although individual circumstances will affect your decision, here's a scorecard for each that should help you plot your course. Click here 4. C Corp or an S Corp? Please click on each of the forms of corporations to see what one will best suite your needs. 5. Get Started now
Businesses all over the U.S. have used us to create an LLC
or to setup a corporation for their company. We pride ourselves on customer
service, detail and efficiency, while offering some of the most competitive
filing rates online. |