Read
the Coollawyer Article "How
to Name Your Company or Product". Pick at least
two possible names for your company. If one name is
taken in the state you choose for to incorporate your
business, you may choose a second name or consider incorporation
in another state where the name may be available. Be
sure to consider the trademark implications of your
choice of name
Review Business Filings Entity Comparison
Table and Information (in the "Learn
About Incorporating" section). Determine which
corporate form best meets your goals and needs.
Review BizFilings Detailed State Information
(in the "Learn About Incorporating" section).
Determine which state best meets your needs and then
print out the requirements for that state so you can
correctly complete them during the incorporation process
and follow them in the future.
Review the Fees Involved. Fees include BizFilings incorporation
fees, agent for service fees and other optional services
fees; and state franchise tax and incorporation fees.
Sate taxes and fees vary greatly between states. Keep
in mind that you will have to register your corporation
as a foreign corporation doing business in any state
in which you have an office and are not incorporated
- these fees can add up also depending on how many offices
you have.
Often, it makes the best sense to incorporate in the
state in which you create your business and have its
main office. While Delaware, Nevada and other states
can offer benefits in certain situations, for most small
businesses, starting with their own state makes sense.
Keep in mind that you can change your place of incorporation
later if necessary.
Consult with an Accountant. Determine
the tax consequences of the various entities and their
effect on your personal and company's income.
Consult with an Attorney.
If you have a more complex scenario with several shareholders,
a business of more than a few people and plans for employee
stock options or venture capital investment, consultation
with an attorney for the incorporation process is important.
|
