formerly The Company Corporation, is the fastest and easiest way to incorporate your business online. has helped over 750,000 small businesses create their LLC, C Corporation
S Corporation or Nonprofit online!
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Once you have your name chosen and a state of incorporation decided on you are ready to prepare your incorporation documents. The documents will include:
- Certificate of Incorporation / Articles of Incorporation
- Bylaws for your Company
- Resolutions of the Board of Directors
- Stockholder Resolutions
- Stock Ledger
- Stock Certificates
You make application with the Secretary of State for the state you've selected. In selecting your state of incorporation, you should consider the corporate income tax structure of the state (some states, such as Nevada and Wyoming have no corporate income tax), the history of the state viz-a-viz corporate law and practice (Delaware leads the nation) and other annual fees levied by the state. You should also consult a CPA for tax advice, especially if you will incorporate in a corporate tax free state and have primary operations in a state that levies corporate income tax.
# How does a company become a corporation?
How does a company become a corporation?
If company listed in stock exchange then anybody can purchase it's shares and become owner of corporation.
By selling stock in the company to the public.
A company turns into a corporation when one or more people invest in it (put money in the company to own part of it), the investors then become shareholders and the company's legal status turns into a corporation.
There are 3 kinds: S corporation, C corporation and Limited Liability Company (LLC)
Yes
Yes
A limited corporation is the size of your company, if you upgrade it and upgrade it etc, it will become a big corporation and many other things.
ETrade became a corporation in 1982 in Palo Alto, California. Its CEO's are Friedberg and Audette who started the company in '82. It is one of the biggest corporation in NSDAQ
A company becomes a corporation if the owners choose for it to be so. The main advantage of a corporation over other forms of company is that the directors (owners) protect their assets from the company's creditors. They are only liable under most circumstances to lose the investment that they have put into the business. There are also personal tax benefits for the directors of corporations.
Gibson Guitar Corporation is a company based in Tennessee. The name includes 3 words.
Generally it wouldn't. A corporation already has limited liability, so owners (stock holders) are only liable for their investment in the company and their personal assets cannot be seized if the company fails.