*Forming your a Corporation?* Use our free guide or for convenience use a professional service, we have negotiated the best deals for you. *Best Value Bundle* to form your Corporation is with Northwest ($29 + state fees) https://go.truic.com/3WG1Wlm 🔥Includes 1 FREE Year of Registered Agent Services 🆚 Review of the 7 Best Incorporation services https://startupsavant.com/7-business-incorporation-services 🌐 Secure your website and domain name for your business: https://go.truic.com/4dqPpYy If you use our discount links, you get a discount and we receive a small commission. Thanks for supporting our work! --------------- *How to Start a Corporation - 5 Easy Steps* A comprehensive guide outlining the process of forming a corporation. Step-by-step instructions on corporate formation, emphasizing key requirements and considerations for entrepreneurs looking to establish a more complex business structure. 🆚 https://howtostartanllc.com/how-to-start-a-corporation 🆚 LLC Vs Corporation: https://howtostartanllc.com/form-an-llc/llc-vs-corporation ------------------ *TIMESTAMPS* 0:00 - Intro 1:05 - Step 1: Choose a Name 2:16 - Step 2: Choose a Registered Agent 3:13 - Step 3: Hold an Organizational Meeting 6:17 - Step 4: File Formation Documents 7:03 - Step 5: Get an EIN 7:45 - Option 2: Hire a Professional Service 8:31 - Conclusion ------------------- 🎯 Key Topics Covered: Corporate Formation Methods and Prerequisites Learn about two primary approaches to forming a corporation: self-filing or using a professional service. Corporations are ideal for businesses planning to raise venture capital or eventually list on stock exchanges. The structure offers enhanced benefits for carrying money between tax years, though it requires more complex management than an LLC. Naming Requirements and Considerations Detailed guidelines for selecting a corporate name include mandatory terminology (corporation, incorporated, limited, etc.) and restricted words. The guidance stresses the importance of conducting both state-level name searches and domain availability checks to ensure proper branding and online presence. Special restrictions apply to names that might suggest government affiliation or financial institution status. Organizational Meeting and Corporate Governance A crucial pre-filing step involves holding an organizational meeting to establish corporate bylaws, select initial directors, and determine share structure. The presentation covers comprehensive bylaw requirements, including governance procedures, voting protocols, record-keeping requirements, and dispute resolution processes. Proper documentation of initial director appointments and share allocation strategies is emphasized as essential. Share Structure and Stock Classes Clear explanations of fundamental corporate stock concepts include share classes, ownership percentages, and authorization strategies. Starting with a high number of authorized shares (suggested 10 million) maintains flexibility for future growth without incurring additional legal fees. Special attention is given to state-specific requirements for documenting share classes in formation documents. Professional Service Benefits and Privacy Considerations For those choosing professional assistance, learn about the advantages of using formation services, including registered agent benefits ($50-$150 additional cost). Key benefits include timely report filing, mail management, and enhanced privacy protection by keeping personal information separate from corporate records. The service also provides consistent availability during business hours for official communications. -------------------------------------- Other Resources: 🔥 *Get Free, Powerful Business Tools—sign up now for TRUiC’s Business Center* https://business.truic.com/ 🔔 Please like, comment, and subscribe if you appreciate our content, and want to see more! 🔥 At TRUiC we are dedicated to providing the most useful information for small business owners, and would love to see your feedback in the comments on what other information you need to help follow your entrepreneurial dreams. #Corporation #BusinessFormation #StartupGuide #CorporateGovernance #RegisteredAgent #Entrepreneurship #BusinessStructure #truic #howto

• published: 17 Sep 2020
• views: 71986