Incorporation
Here is the question which came to my email: Incorporating here at the end of year….will I have to pay the state another $125 in Jan. for my list of directors if I pay in November at start up? Every state is different, but when we talk about Nevada the annual fee is paid at [...]
Many small business owners forget that there are certain requirements you have to meet when setting up corporation. One of such requirement is to held regular meeting of shareholders and directors. All important matters are decided on such meetings and the written document from such meeting is called Minutes. Wikipedia definition of Minutes: Minutes are [...]
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From Wikipedia Factors for Courts to Consider Significant undercapitalization of the business entity (capitalization requirements vary based on industry, location, and specific company circumstances) Failure to observe corporate formalities in terms of behavior and documentation Intermingling of assets of the corporation and of the shareholder Treatment by an individual of the assets of corporation as [...]
When business people check the cost of doing business in different states they most of the time look at the taxation. For example Nevada doesn’t have state business tax on the other hand California has franchise tax. California franchise tax is additional 8.84% you will have to pay when doing business in California. California has [...]
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Another question I received: Should the umbrella company have my personal name in it (Ex. ‘Myname Enterprises’) or should that be avoided? Does it matter at all? I have heard differing opinions. I personally don’t see any problem naming a company using personal name. Especially when you plan doing more activities under one umbrella company [...]
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I have decided to answer some of the questions I am getting on my email here in the blog. I know many readers have similar questions so hopefully this will help. I have used incparadise.com for my incorporation needs and have been impressed. I have also been reading your blog recently and plan on using [...]
Continue reading about Is it better to form separate entity for each business?