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Sunday, November 26, 2006

Set Up Your Own Corporation

Starting your new corporation is not complicated. There is a site that makes setting up a corporation online easy, painless and inexpensive! The site is incparadise.com. How does it work? You submit an online application. They do all the filings, upload copy of articles to your account and send you originals. Basically you have to choose your company name, decide who will be director, and who will be the officers (president, treasurer and secretary). You also have to decide how many shares do you want to issue. All what it means is that company is authorized to issue certain number of shares, but it is not very important unless you are planning to go public and need millions of shares. Some states base their fee on number of shares issued. For example you can have 75 million of shares in Nevada and still pay the lowest filing fee of $75. In Delaware you would pay tens of thousands in legal fees. Some States allow only one person to hold all functions. For example Nevada is like that. You can be director, president, treasurer and secretary.
Many people ask what is the difference between LLC and S Corp? You can found explained here:
http://www.incparadise.com/text/faq-corporation-entities.htm
Now you can set one up for $89 on top of the state fees for setting one up.There offer incorporation in all 50 States. For your convenience, they notify you about annual requirements. Incorporating online could not be easier and faster. Incorporate your business NOW!!

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