Choosing the business structure for your new venture is an important undertaking.
Many entrepreneurs form a corporation because of the liability protections and advantages for shareholders.
But compared to other business entities, corporations have the most regulated and complex structure—adding complexities to the incorporation process.
There’s a lot of paperwork to file, administrative tasks, and fees involved with getting started and maintaining a corporation.
This guide will teach you how to form a corporation, including a trick that will speed up the formation steps, making your life much easier.
The Easy Parts of Forming a Corporation
One of the biggest perceived hurdles of forming a corporation is the initial startup. Filling out forms and filing the correct paperwork with the appropriate state agencies—it’s an intimidating process for anyone, especially beginners.
Rather than paying a business attorney outrageous fees to walk you through this process, you can use an online incorporation service to get set up.
These services take the hassle out of forming a corporation, making the more difficult steps easier. They essentially walk you through a series of questions about you and your business. As you answer the questions, the service automatically fills out the appropriate paperwork and then files it with your state.
From choosing your tax structure to issuing shares and electing a board of directors, online incorporation services take you through each step of the formation process.
You can answer these questions from your computer, then just sit back and let the service handle the heavy lifting on your behalf.
There are lots of excellent business formation services on the market. But in terms of starting a corporation, LegalZoom is our top recommendation.
LegalZoom has been used to form over two million businesses, making…
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