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New business incorporation

New business incorporation

New business incorporation a business means turning your sole proprietorship or general partnership into a company formally recognized by your state of incorporation. When a company incorporates, it becomes its own legal business structure set apart from the individuals who founded the business. Through incorporation, the company’s owner or owners create a separate legal entity to transact business. This new business entity corporation or limited liability company (LLC) transforms the way the business is seen through the eyes of the law and often has more credibility with potential customers, vendors, and employees.

How does incorporation work?

Wondering how to incorporate a business as a C corporation or S corporation or how to form an LLC? Here are some of the steps included in the process:

  1. Determine where you want to incorporate it.
  2. Decide which business type is best for your business and goals. Consult with an attorney or accountant.
  3. Determine who the directors of the corporation or who the members/managers of the LLC will be.
  4. Select a registered agent. Your registered agent must be listed on your Articles of Incorporation or Articles of Organization. The registered agent is appointed by you to receive important legal and tax documents on behalf of your business and forward them to you. BizFilings includes this service in all incorporation packages.
  5. Determine which business licenses are required for your business.  If you plan to hire employees, you may need a payroll tax registration, and if you are selling goods, your business may also require a sales tax registration.
  6. Prepare and file the Articles of Incorporation or Articles of Organization per instructions from the Secretary of State’s office. BizFilings handles this step for you, allowing you to concentrate on running your business.

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