In most cases, the answer is yes. Most states only require a general purpose clause in the articles of incorporation. That means that you can state in your articles of incorporation that the corporation is entitled to engage in all…
You can usually choose any name you want as long as it is not already used or is not considered obscene or objectionable by your local Corporate Filing Office. When articles of incorporation are filed, the Corporate Filing Office will…
The best answer is usually in the state where you intend to conduct most of your business or where you have an office or business presence. If you incorporate in a different state than the one where you are running…
A public corporation is authorized to sell its stock to the public. The process involved in obtaining authorization to qualify as a public company is both costly and very time-consuming. Ongoing requirements to maintain a public corporation are also costly…
A private corporation is a term often used to describe a small corporation in which the stock is issued to a limited number of shareholders and is not available to the public. In most small private corporations, the shareholders are…
Most states have statutes providing for incorporation by those performing specific types of professional services such as doctors, dentists, accountants, lawyers, architects, etc. These corporations are set up and operated similarly to a regular corporation but there are a few…
A “closely held corporation” is a general term used to describe a smaller privately held corporation with few shareholders, usually family members or close associates. On the other hand, some states have adopted special statutes for a “close corporation” which…
The short answer is that incorporating Nevada or Delaware will probably cost you more money. In addition, it may provide few substantial advantages unless you have a giant corporation and live in one of those states or are doing most…
Most small corporations should not be looking to incorporate offshore. First, if it is done for tax purposes, you are likely to substantially increase your odds of getting audited by the IRS since there are many offshore tax schemes that…
The main advantages of incorporation are 1) liability protection, and 2) tax savings. The liability protection provided by incorporating simply means that if your business is sued and the person suing is successful in getting a judgment, they can only…