The Importance of Incorporating Your Business Incorporating a business is a pivotal decision for small business owners, as it comes with numerous benefits that can significantly impact the company’s growth and sustainability. One of the primary advantages of incorporation is…
The courts often use the terminology of “piercing the corporate veil” when they ignore the separate existence of a corporation concerning liability protection or, in other words, eliminate corporate protection. The reason the corporate form or structure provides limited liability…
Some people said they didn’t believe limited liability protection was still adequate. That simply is not an accurate statement. Each state has court cases that interpret the principle of limited liability protection, which is fundamental to corporate law and is…
The law allows you to conduct business just yourself as a sole proprietor or with someone else as a partnership. If you operate the business yourself or as a partner, then, for legal purposes, your identity is the same as…
If you are going out of business or are simply not using your corporate form, there are several different ways to discontinue. The first involves not filing your annual report form. If you do not file the annual report form…
Almost all Corporate Filing Offices (usually the secretary of state’s office) have a standard form you can fill out to notify them of a change of address for your registered agent. You can call them, and they will mail the…
There are many companies which offer services as a registered agent. Most charge a fee between $100 and $200 per year for the service. If you operate your business in several different states and do not have a street addresses…
Every state requires each entity to have a registered agent. A registered agent is a person of legal age or a business entity with a street address (not just a P.O. Box) within the state who can accept the service…
Usually, the state provides a grace period, which may be several months up to a year or so, to get your annual statement filed. If you miss the deadline, call the Corporate Filing Office (usually the secretary of state’s office)…
The main, and sometimes only, requirement to keep your corporation active or in “good standing” with the state where it is formed is to ensure the annual statement is filed on a timely basis. The annual statement is a form…