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8 easy things to do before you form your company

by on
in Employment Law

Incorporating or forming an LLC is a fast, affordable and easy process. It benefits the business owner by protecting personal and family assets from the risks and debts of the business. Here are eight easy things business owners can do to make incorporating a breeze.

1.    Select Your Company Name
Your company name can identify the type of products/services your business provides, or it can simply tout the name of the founder. The two main requirements for a company name are: no other entity in the same state may have the same or similar name; the name must include an ending like company, incorporated, corporation, association, foundation, institute, fund, society, union, syndicate, or limited. Words like "bank', "trust" or "education" may not be used without approval from the appropriate state agency.

2.    Select Your Business Structure
A general corporation, also known as a "C" corporation, is the most common corporate struct...(register to read more)

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