When you are starting a business or company there are many considerations you need to keep in mind. Regardless if your idea turns out to be successful or not, you will need to decide on a location to use it, a team to spread it, and an attorney to give it a legal framework… or not. Through our site, it is possible to get the corporate applications you need to start your company without the need of hiring any lawyer. What are exactly the forms you need to begin? Find out next in this article by the Corporation Center.
Different Businesses, Different Companies
To begin with, let us say that the requirements to form your own company vary from state to state. So the first decision you need to make when starting your own business is the legal address you will want to give to the company. Once you have chosen, it is time for you to decide between a limited liability company (LLC), a professional association, a corporation (it can be nonprofit), or any of the different types of partnerships. Find out about our corporate applications next:
Limited Liability Company (LLC)
A limited liability company (LLC) is a business structure that protects its owners from personal responsibility for their debts or liabilities.
Professional Association
A professional association, or professional organization, is an association made up of members who are part of the same industry or career fields such as lawyers, doctors, architects, engineers, and accountants.
Corporations
A corporation is an organization that aims to earn profit through its operations and is concerned with its own interests.
A nonprofit corporation, on the other hand, is an organization formed to serve the public good, such as for charitable, religious, educational, or other public service reasons.
Partnerships
General
A general partnership is a type of business arrangement by which two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.
Limited Partnership
A limited partnership (LP) is a type of partnership with at least one general partner and at least one limited partner.
Limited Liability Partnership (LLP)
A limited liability company (LLP) is a type of partnership that extends limited personal liability to all partners, including general partners.
Limited Liability Limited Partnership (LLLP)
A limited liability limited partnership (LLLP) is a form of a limited partnership. However, in an LLLP, both general partners and limited partners are shielded from personal liability in the case of debt or legal action against the business.
Details you Need for your Corporate Applications
Now that you know the definition of all the corporate applications you can get at our site, it is time to complete them. To accomplish this mission, there is some information you will need to provide. Even though these details vary from state to state, you will probably be required to:
- The name of your business
- The physical location of your business, and a mailing address
- The name and address of your registered agent
- The number of shares you are planning to issue
And there is nobody better to help you take your business to the next level than the Corporation Center. We are ready to help you. If you want to know more about our services, contact us today via phone or email.
