Business-minded individuals need a strategy to protect their assets. Why do you think a lot of successful business owners register their businesses as a corporation? One reason is limited liability. If the corporation is sued or cannot pay its debts, the shareholders are not personally responsible for paying the debts or damages. Now, if you want to protect your personal assets by applying for a corporation, you will need to secure all the necessary corporate documents.
What are the Vital Corporate Documents You Need for Filing?
It’s important to note that the specific documents required when registering a corporation vary by state, but here are some of the common documents you may need to provide:
Articles of Incorporation
This is the document that formally establishes your corporation with the state. It typically includes the corporation’s name, purpose, registered agent, and other details about the business. You need to be careful in choosing your corporation’s name. It has to be unique. Your registration will be denied if you choose a name that has already been used. You may visit this site for help.
These are the rules and regulations that govern how the corporation will operate, including information about meetings, voting procedures, and the roles and responsibilities of directors and officers. You may need to hire a lawyer to help you with these bylaws. Or you may call us for some guidance.
Certificate of Incorporation
This is a legal document issued by the state that confirms that your corporation has been officially registered.
Depending on your business’s location and industry, you may need to obtain a business license or permit to operate legally.
Employer Identification Number (EIN)
You will need to obtain an EIN from the IRS to identify your corporation for tax purposes. This is the quickest way to apply for an EIN. Visit IRS here.
If your corporation is structured as an LLC, you may need to provide an operating agreement that outlines the ownership structure and management of the business.
It’s important to note that some states may require additional documents or filings depending on the type of corporation you are forming and the state’s specific requirements.
How Lengthy is the Process?
To register your corporation, you will have to face a lengthy process. The paperwork is extensive. But if you want to take the hassle out of it, then you should use our service. Just ask us how. It’s also important to note that corporations are subject to rigid requirements. You have to create bylaws and update them regularly. Plus, you have to appoint a board of directors and make minutes for those meetings.
Despite the lengthy process, making your business a corporation is still a wise decision, especially if you wish to protect your personal assets and the assets of your shareholders. Every downside of a corporation can be outweighed by the benefits of corporations.
Ready to Start
If you are ready to file, you may submit your corporate documents and fill out the necessary forms using our service. Do you need further help? Please give us a call at (800) 580-4870.