Category Archives: Requirements
Putting Together A Business Plan That Really Works
When you get a business going it is generally something that you have been thinking about for some time. A lot of the time this idea is something that hasn’t been done yet. You might have to figure out new … Continue reading
Can I operate more than one type of business under the same corporation?
In most cases the answer is yes. Most states only require a general purpose clause in the articles of incorporation. That means that you can state in your articles of incorporation that the corporation is entitled to engage in all … Continue reading
Posted in Formalities, Owner Duties, Requirements
Tagged business types, corporation, multiple business, operation
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Where is the best place to form my new corporation?
The best answer is usually in the state where you intend to conduct most of your business or where you have an office or business presence. This is because if you incorporate in a different state than the one you … Continue reading
Posted in Getting Started, Requirements
Tagged Corporate Actions, Formalities, location, states
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Where can I find the laws which govern corporations?
The first place to find answers to questions regarding corporations is to review the corporate laws for the state in which the business is incorporated. These laws are usually contained in the state’s code or statutes and can often be … Continue reading
Where is the best place to form my new corporation?
The best answer is usually in the state where you intend to conduct most of your business or where you have an office or business presence. This is because if you incorporate in a different state than the one you … Continue reading
Posted in Formalities, Requirements
Tagged corporation, formation, location, organization, place, state
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Should I try to take my corporation public?
A public corporation is one which is authorized to sell its stock to the public. The process involved in obtaining authorization to qualify as a public company is both costly and very time consuming. Ongoing requirements to maintain a public … Continue reading
Isn’t it easier and less expensive to just use a sole proprietorship or partnership?
The main disadvantage of doing business as a sole proprietor (one person) or partnership (two or more individuals) is the risk of liability. You have no limited liability protection like you do if operating in the corporate or LLC form. … Continue reading
Posted in Requirements
Tagged corporation, expense, partnership, Sole Proprietorship
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When a corporation is formed, can it operate in all states?
You must choose a state to incorporate in and once you incorporate; your corporation is considered a domestic corporation of that state. Each state has its own corporation laws and its own requirements for incorporation and your corporation is governed … Continue reading
Posted in Formalities, Requirements
Tagged companies, domestic corporation, foreign corporation, formation, laws, Requirements, state
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