| Forming a corporation can be a daunting prospect for | | | | is the public face of your company; someone who the |
| a new business owner, but it is fundamentally an easy | | | | public can contact in the event of a legal wrangle. |
| process. You can choose to go it alone, using tutorials | | | | The next stage in forming a corporation requires you |
| and self-help guides; or you can opt to ask the | | | | to create corporation bylaws. These usually set out |
| professionals to help you with the process. | | | | the rules that the company will follow, as well as details |
| The first step in forming a corporation is to pick a | | | | of any shareholder annual meetings. It is then |
| company name. Conducting a detailed search on the | | | | recommended that the directors hold a meeting to |
| internet will give you an idea of names that are already | | | | establish rules and authorize the release of stocks and |
| taken. The name must also end with words such as | | | | shares. |
| Corporation and Limited. Once you have picked a | | | | This then leaves the final stages of forming a |
| name you are then ready to move on to the next | | | | corporation which are the issuing the stocks of shares |
| step. | | | | and obtaining an EIN (Employee Identification Number). |
| After picking the name, you then need to appoint the | | | | Once this is complete you are more or less ready to |
| Members of the Board and the Directors of you | | | | start trading as a corporation. |
| company. Depending on where you do business there | | | | If this all seems a bit too much, there is the option of |
| may be a stipulated amount of directors or board | | | | purchasing ready made companies. There are |
| members needed in the company. These positions will | | | | providers out there who have already registered |
| need to be decided before you can fill out any | | | | companies and are willing to sell them to you for a |
| registration paperwork. | | | | reasonable price. The price that you will pay for ready |
| After this stage, you can fill out the paperwork which | | | | made companies is usually determined by the age and |
| can be obtained from the corporation filing office. The | | | | name of that company. |
| details you need to provide will include the name of | | | | If forming a corporation is something you would like to |
| your business, the address of your company and | | | | do it has a range of benefits such as lower tax rates |
| sometimes the names of the elected directors and | | | | and protection from creditors for shareholders. This is |
| board members. You may also need to provide the | | | | applicable as long as you uphold the rules of the |
| name of the registered agent. This is the person who | | | | corporation and do not break the law. |