How Do You Start A New Corporation?
Many of the largest businesses in the world operate as corporations. Corporations are a type of business entity owned by one or more shareholders, who meet annually to elect members of a board of directors that oversee the operations of the corporation. U.S. corporations are formed in a single state. Each state government enforces various restrictions and protocols on corporation formation. However, the basic structure of the corporate formation procedure is relatively standard from state to state. Select a U.S. state where you will form your corporation. Each state offers different benefits and restrictions on corporate operations and taxes. Research each state’s laws and regulations carefully. Some states, like Nevada, do not have an income tax on profits a corporation makes within the state. Other states, like Delaware, offer convenient and experienced government staff to assist the corporate formation process. Choose a name and registered agent for your corporation. Your corporatio
