How to Make The Business Incorporation Process Simple
Business incorporation is essential to establish a separate entity for your business, distinct from the owners and shareholders. Incorporation permits your business to enter into contracts, buy, and sell property, and even sue or be in a lawsuit. Your business does not suffer due to the death of any partner, shareholder, or officer. Process of Incorporation: Until recently, incorporation was a very long and drawn-out process sometimes taking many years to complete. The scenario is very much different now. Creation of the Business Corporation Act has made the process simpler and quicker too. There are three main steps in business incorporation. These are: 1) Procuring a proper corporate name 2) Submitting all necessary documents 3) Paying all filing dues Successful completion of these three steps can incorporate your business. You can hire the services of a lawyer or incorporation service companies to complete necessary work for business incorporation.
