Basic Questions New Business Owners Ask in Filing for an Incorporation
Incorporating a business in some way is a necessity for doing business. It validates the business and allows for proper filing of taxes and expansion. There are different types of businesses that offer different types of forms, such as an LLC or the less popular sole proprietorship. Incorporation is the way to get out of the casual business game and enter the big leagues. Below are just some of the most basic questions people ask in getting started down this path.
How does one find a Board of Directors?
The Board of Directors is appointed by shareholders in the company. The basic structure for finding a Board of Directors is to collaborate with an incorporation specialist. They will have certain people they can recommend for the position. This is a pretty important step to do right or to filing for the actual incorporation of a business. It is like establishing the team that will drive the business out of shaky territory and into productivity.
Are there certain incorporation attorneys?
Yes, there are security attorneys who specifically work in the area of setting up and maintaining a bc incorporation. This will be the most valuable team member a business can have, both legally and financially, because he or she can help the company avoid potentially millions in discrepancies and issues on a legal level.
What is the first step in filing?
The first person that should be contacted is the incorporate a business who will open up the process of incorporating the business. They provide all the articles of incorporation, which can then be provided to a securities attorney who will collaborate with the Secretary of State’s office on behalf of the soon-to-be company.
The cost of the incorporation filing will vary depending on the fees requested by the securities attorney and the state where the filing is occurring. In general, a form will cost roughly $100. This will be paid upon completing the filing with the Secretary of State's office. A securities attorney can charge all sorts of numbers for doing the service. If they are working on a long-term collaboration, the actual filing may be free.
