How to Form Your Own Limited Liability Cooperation?

Here are some simple steps to follow to form yourcreating the corporation and is responsible for
own Limited Liability Corporation (LLC):accepting any legal papers served on the corporation.
- Choose and reserve a corporate name that doesThis includes number and types of shares to be held
not violates another business's trademarks. Corporateby shareholders. Preferred stock holders are
name that sound or spelled similar to existing businessguaranteed dividends before paid to common stock
cannot be used. Research with local secretary ofholders. Generally, small corporations usually
State or Department of Commerce or Corporationscompensate owners through salaries, bonuses and
Commissioner for local as well as foreign registeredfringe benefits.
corporations for similar or existing corporations names- Create corporate Bylaws based on state corporate
hat may trademark infringe with your chosenlife rules and allow owners to fill in rules to their
corporate name.discretion such as number of board directors, rules for
- Select the appropriate corporate type such asshareholder meetings, governing voting procedures.
unlimited shareholders "C, limited shareholders "S" , orThis is not required to file during Article of Incorporation
professional corporation (for licensed professionals).but need to be filled with the incorporation paperwork.
- Decide where your cooperation will be incorporated.- State law requires to record minutes of your first
You need to meet the state residency requirement.board of directors organizational meeting. At this first
Generally, people set up corporate headquarters inrecorded board meeting, board directors must elect
states such as Nevada and Delaware where liberalsalaried corporate officers for day to day business.
corporate law and benefits apply. Typically choseMost state law require corporate officer include a
state where you and other corporate members live.President, Secretary and a Treasurer. However, most
- Create a pre-incorporation agreement that includestates allow all posts to be hold by the same person.
shareholder names, incorporation state, corporateGenerally, this is acceptable for small corporations.
name, corporate purpose, number of shares to be- With the state Department of Corporations, file a
issued, initial shareholder stock plan, and tax status.Notice of Stock Issuance that issue stock certificates
- Create and file Article of Incorporation with the state.to shareholders.
State corporate filing office has pre-printed forms. InFollow those simple steps would help you easily setup
this you need to include the Incorporator(s) oryour own small business corporation that you have
promoter(s) who is the person(s) responsible forbeen dreaming have a for long time.