Tag Archives: corporation
What is a registered agent and do I need one?
In every state, a registered agent is required for any corporation, LLC or other entity. A registered agent is a person or entity which has a street address (cannot be a post office box) in the state of filing who … Continue reading
Posted in Corporate Actions, Formalities, Resources
Tagged corporation, Registered Agent
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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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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 Differences, Sole Proprietorship
Tagged corporation, llc, llp, partnership, sole, Sole Proprietorship
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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 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
What is a “professional corporation”?
Most states have statutes providing for incorporation by those performing specific types of professional services such as doctors, dentists, accountants, lawyers, architects, etc. These corporations are set up and operated similar to a regular corporation but there are a few … 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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Where do corporations get their authority to operate?
The law of each state gives people the opportunity to operate a business in one of several different legal structures or forms. Each form has its own advantages and disadvantages depending on the individual circumstances of the owners. The most … Continue reading
Posted in History
Tagged c corporation, corporation, legal authority, limited liability company, limited liability partnership, llc, llp, operate, s corporation
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