If you’re a small business owner or self-employed, what is holding you back from incorporating in your state today? Incorporating yourself or your partners as a business is a successful investment towards the future. Among the items you need to prepare or have prepared for your incorporation are the Articles of Incorporation or the Articles of Organization. The former is for corporations and the latter for LLCs. While the terms may seem as involved, they are hardly as complicated as writing the Constitution. Articles of Incorporation and Organization are the documents that declare an individual or a group to becoming a corporation.
These are the documents that will spell out the specific information about the corporation or the LLC that local state law requires where the new business is being formed. Since the majority of businesses are incorporated in the state where the business owner resides, local state laws are applicable. If an owner or group chooses to incorporate in another state, there are often additional costs including, but not limited to housing a local office or representative in the state. That, coupled with the fact that many states require a business incorporated in another state to file as a foreign corporation in their own state.
For the small business owner, there is no truly compelling reason to incorporate in another state. To learn more about incorporating your business, check out https://www.incparadise.net or call at 888-284-3821« Return to all articles