Corporation Formation

How do I Create a Corporation?

People often sort through many types of business structures and come upon the idea that they may create a corporation. There are various types of corporations such as "S" and "C" Corporations and "Closed" and "Publicly Traded" Corporations, which all have different benefits depending upon the situation. In order to form a corporation, a person must research various aspects related to the corporate structure, such as:

  • Choosing an available name for a corporation that complies with state corporation regulations.
  • Appointing directors to the corporation.
  • Filing paperwork, such as the "Articles of Incorporation".
  • Paying filing fees.
  • Forming corporate "bylaws", the operating rules of the corporation.
  • Holding the first annual meeting and the meetings thereafter of the corporation.
  • Organizing the issuance of stock certificates to the initial owners (shareholders) in the corporation.
  • Obtaining licenses and permits to make the corporation compliant with state and federal regulations.
  • Acquiring capital for the corporation.
  • Corporate Complications

    Due to the complexities involved with running and forming a corporation, it is advisable to seek legal counsel. Business Law Centers can help prospective business owners and individuals to form corporations so legal trouble can be avoided.

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