Ask Questions 
Share Tips 
List Your Business 
Coffee Talk with Experts 
Biz Planning | Sample Plans 
Idea 
Name 
$ 
Do It! 
Promotional Merchandise
Managing | Operations
Work @ Home 
Yoga @ Your Desk 
|
|
Answer from our Guest Expert Kent Capener of Capener Consulting
PAGE3
How Do You Incorporate?
Depending on your state of incorporation and tastes, the fees for incorporating can range from $15 to $1,500. The state in which you reside (presuming you are in the USA) offers all the necessary forms to fill out and notifies you of the fees to pay to become any type of corporation. Simply contact your secretary of state's office for more details. Most states have a Corporations Division that can assist you in the incorporating basics.
Given that you may want to invoke the spirit of a 50-50 partnership in a corporation, however, you may want to select an attorney to assist you in your incorporation process. On paper, you'll get a written "articles of incorporation" and several other mandatory documents. Some attorneys provide leather bound and gold leaf printed "Corporate Books" for your corporate records, and can assist you in all the maintenance requirements of your corporation, once you're in business.
No matter which type of corporation you select, carefully consider if you need an attorney or not. I mostly recommend to my start-up clients that they do it themselves for budget reasons. There are no tricks to it, but the key is making sure that the other mandatory documents spell out your partnership in terms you agree to. The other major ones are stock issuance (percentages) and equity planning.
What's the Difference Between C Corps & S Corps?
This question should be strategically answered from three perspectives. First, equity planning, or in other words, are you ever going to be a public company? Second, which type of corporation is the best for you and your future financially (including your partner and others you'll do and be in business with)? And third, yes, taxes, which are an important part of the C corp versus S Corp decision.
|
|
Small Business Tax Center • Idea Cafe Home • Sign Up • Biz Grant Center • CyberSchmooz •Coffee Talk with Experts • People in Biz Profiles • Starting Your Biz • Biz Planning • Running Your Biz • FREE Trade Publications • Marketing • Financing Your Biz • Human Resources • Legal & Biz Forms • Managing Your Biz • eCommerce • You and Your Biz • Gen X • Work@Home • The Fridge • De-Stress • Send an Award • Send an eGreeting • Yoga @ Your Desk • Web Guide • Idea Cafe in the News • About Idea Cafe • Advertise on Idea Cafe • Contact Us • Privacy Policy • Site Map • Small Biz News
Copyright 1995-2024, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc. DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages. TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.
|
|
|
|
Meet the Idea Cafe Experts
For more business advice, check Coffee Talk Answers
Got biz questions of your own brewing? Go post 'em in Idea Cafe's CyberSchmooz.