Incorporation Kit - With CD-ROM
By InfoAmerica
Venue:
National - All States
Description:
If you plan to incorporate a business, you can save hundreds
of dollars in legal fees by forming the corporation yourself!
Attorneys generally charge $500 to $1,000 or more to incorporate
a business. This kit includes all the documents and instruction
you'll need to successfully incorporate your business, and is
legal and valid in all states! Complete Kit
How will this kit help me?
Forming a corporation is one of the easiest and most profitable
legal matters an attorney can perform for a client. There are
only a few documents which must be filed to set it up. This
kit includes the documents needed to file with the Secretary
of State in your state and full instructions. It discusses in
detail exactly what a corporation is and the advantages of incorporating
your business. In addition to the cost of this kit, you will
need to pay state fees when you submit the documents. The fees
vary from state to state, but average around $150.
What is a corporation?
A corporation is a business that is formed and authorized
by law to act as a single entity although it is constituted
and owned by one or more persons. It is legally endowed with
rights and responsibilities, defined by the United States Supreme
Court as "an artificial being, invisible, intangible and existing
only in contemplation of the law."
What are some advantages to forming a corporation?
Limited Liability - The liability of the
owners is limited to the extent of their investment in the corporation
(with the exception of unpaid taxes.) Creditors cannot attach
property of the owners. The corporation can enter into contracts,
sue and be sued without involvement of the owners.
Raising Capital - Capital can be raised
more easily by selling shares of stock in the business.
Transference of Ownership - Ownership is
more easily transferred since the owners' interest is represented
by shares of stock. Shares can be easily distributed to family
members.
Perpetual Existence - Because it is an independent
legal entity, it does not cease to exist just because one of
the owners dies or wishes to retire.
Retirement Plans - Retirement funds such
as Keogh, 401k's, defined contribution plans, and other profit-sharing,
pension and stock option plans offer greater benefits to corporations.
Tax options - There are many more tax options
available to a corporation than any other form of business.
and many more!
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