Structure a Corporation
How to Incorporate
The article below contains all the information you should know to incorporate your business in your own state. This is an easy and straight process. Biz Pro FilingsIs is a filing company for businesses and corporations, we specialize in filling documentation for your company. Biz Pro FilingsServices are available throughout the country and we file in all 50 states and will handle all your paperwork needed for your company.
You should know that you do not have to own an attorney in order to file the paperwork needed to form your business corporation. Still, if you like you can consult a professional on several related matters. We strongly emphasize that nothing in the following article should be considered tax, accounting, or legal advice. Only consult licensed professionals for specific advice.
Overview
To create your corporation there is a filing fee required. This fee also includes filing your Articles of Incorporation with the Secretary of State. Remember that you should always have a company name that is already available with the secretary of state.
You should have a clear understanding of the type of corporation you choose. Keep the information available about your corporate address and the agent you are registered with. Stating how many shares you authorize the corporation to use and the number of shareholders has to be stated is a crucial step (which will depend on the corporation type you choose).
At the time of the filling itself, you need to have an employer identification number (Federal tax ID number). This number is issued by the IRS. You should have all the names of the corporate officers as well as any directors that are in your company. You should always have an initial board of directors meeting when you’re about to establish your corporation. At the BOD’s you will be adopting your bylaws and appointing officers. These officers are not required to be listed in your article of incorporation, and your bylaws do not need to be filed with the state. However, this information has to be in your own records.
Incorporating
Different types of corporations are available. There can be an unlimited potential number of shareholders for a General Stock Corporation. You have the freedom to choose your corporation to be an enclosed corporation, which means setting a limit in the articles on the number of shareholders(The limit is set to 35). For certain professionals, a Professional Corporation is mandated by Tennessee.
You can choose to download all the forms provided by your state. These are the bare minimum requirements for your state’s corporation codes. If you like to create your own forms you can do so. For example, documents can be created from scratch for your corporation by an authorized attorney.
Here’s an example: The default articles of incorporation forms will limit the corporation to one class of shares. If you’d like to change this, you can do so in a custom document. Similarly, initial directors can be named in the articles if desired as long as all of the directors are included on the document and sign it.
A President, Treasurer, and Secretary these three officers are required by any corporation as stated by the state. If the corporation wants all of these three roles can be filled by the same person. A minimum of three directors is a must in any corporation. This tends to be true except in the case where the shareholders are less than three and where any shares haven’t been issued yet. Typically, unless the articles stipulate the limit and number of directors, the bylaws will outline these things.
Filing an amendment with your state can only change your articles of incorporation. And in the case of bylaws, they can simply be amended with a vote from the shareholders and directors in a meeting.n accordance with relevant provisions of your state’s law, methods and times of meetings as well as such things as powers of directors should be set forth in the bylaws. The meetings held are also required to keep the minutes of the meeting in the records.
Corporate kits and Corporate Records Book is used to stock papers, corporate bylaws, company documents, and meeting minutes. These record books and corporate kits are customized according to your state. Contain important information like your meeting minutes, your stock certificates, and your corporate seal embosser. Biz Pro Filing Provides a fully stocked corporate kit for your corporation if you like.
Registered Agent
A registered agent is a need for all state corporations. A company or an individual can fit a roll of registered agents who will then be available for legal consultations and other communications from your state add regular business hours, for a known address. Biz Pro Filings Can help you outsource your company routine with our adaptive services.
Name Search
The name you choose for your cooperation and state in your articles of incorporation should be available for use. And not just for your own use it should be available in your state and according to the secretary of state records. In case if the name is not available your company will be rejected. There are conditions such as the name you choose should not mislead the public in any way or resemble other closely related corporations. Read for more statutory requirements
Spend some time and effort in developing your company name as it is best for your own branding and it would typically result in compliance with the state laws.
Employee Identification Number (EIN)
Require an EIN? Now you can apply for your employer identification number by completing the form SS4 and submitting it to the IRS at no charges at all.Biz Pro Filing Applies for your employer identification number as well on your behalf.
Next Steps
If you like to speak live with our customer executives for assistance feel free to call us even during business hours at 850-254-1240(toll-free).
Biz Pro Filings has filed thousands of corporations. Our skilled customer service staff is always ready to help.