What are the legal requirements of a corporating business?

At the most very basic lever, you can form a corporation by filing Articles of Incorporation with the appropriate state agency. You then need to adopt bylaws and you will also need shareholders to invest in the corporation and elected a board of directors. The board of directors then elects the officers who run the day-to-day operations. In forming a corporation, specific filings must be made with the State and certain corporate formalities must be maintained in order to preserve the corporate status and limited liability of the corporation. There are important tax and legal questions and should only be answered by qualified professionals.