Corporation Help Guides and Resources

Corporation Help Guides

The Ins and Outs of Registered Agents: What You Need to Know

Whether you know what a registered agent is or not, it is possible that you have been told that you need one. Every state requires corporations and LLCs to have a registered agent for a variety of reasons. Understanding the basis for the......

Which corporate structure is best for multi members?

For multi-member corporations, the question of which structure is best comes down to the needs and priorities of the corporation. Size If a company elects to have an S corp status, then it will be limited to a maximum of 100 shareholders. If a company elects to have a C corp status, then it can have an unlimited number of shareholders. Also, due to...

Can active members in an LLC receive a W-2?

In general, an active member of an LLC cannot receive what is commonly known as W-2 income. This is due to the fact that an active member is not considered to be an employee of an LLC. The only exception to this is if an LLC has elected, through the IRS, to be treated as a corporation for tax purposes. In the event that an LLC elects to be treated a...

What types of businesses require boards?

As a matter of state law, all S corps and C corps require a board of directors elected by the shareholders. The composition and requirements of a board of directors vary from state to state. LLCs are not under any requirement to elect a board of directors, but may do so if they choose....

In which state should I incorporate?

When deciding in which state to incorporate, it is necessary to consider many different factors. The ultimate choice will depend on the particulars of your business’s situation and needs. First, you will need to become familiar with the relevant business laws in the state where your business is physically located. Incorporating in your home state ma...

How do I choose a name for my business?

When completing your articles of incorporation you will need to indicate a unique name for your business. The name should not lead consumers to confuse your business with another business already in existence, especially if that business operates in the same region or industry in which you plan to conduct business. Best practice is to shortlist your...

What are meeting minutes?

Meeting minutes are used to record all items discussed and resolutions passed at board meetings. Maintaining these records is much more than a mundane formality. Minutes play an important function in helping the business show how important decisions were made and which members voted for what. Corporations are required to keep these records in order...

What to Look For in a Business Loan

If you are a business owner, or planning on starting a new business, then at some time during the life of your business you will likely need a loan. Whether the funds are needed to pay for your startup costs, to finance an expansion of your business, invest in inventory, buy new equipment, or for any other reason, there are many options for you. Vie...

How Your Business Can Survive and Dominate in the Startup Phase

Startups have long held a certain mystique in American culture, capturing the entrepreneurial drive and innovation responsible for our many economic and technological successes. Startup companies drive innovation and shake up otherwise......

Everything You Need to Know about Professional Corporations

Professional corporations (PCs), or professional service corporations, are a unique corporate structure which is comprised of a specific group of professionals. An S corporation or a C corporation may be formed by certain professionals......