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How Will This Kit Help Me?
Forming a corporation is one of the easiest and most profitable legal matters
an attorney can perform for a client. There are only a few documents which
must be filed to set it up.
This kit includes the documents needed to file with
the Secretary of State in your state and full instructions. It discusses in detail
exactly what a corporation is and the advantages of incorporating your
business. In addition to the cost of this kit, you will need to pay state fees
when you submit the documents. The fees vary from state to state, but
average around $150.
What Is A Corporation?
A corporation is a business that is formed and authorized by law to act as a
single entity although it is constituted and owned by one or more persons. It is
legally endowed with rights and responsibilities, defined by the United States
Supreme Court as "an artificial being, invisible, intangible and existing only in
contemplation of the law."
What Are Some Advantages To Forming A Corporation?
 LIMITED LIABILITY - The liability of the owners is limited to the extent
of their investment in the corporation (with the exception of unpaid taxes.)
Creditors cannot
attach property of the owners. The corporation can enter into contracts, sue
and be sued without involvement of the owners.
RAISING CAPITAL - Capital can be raised more easily by
selling shares of stock in the business.
TRANSFERENCE OF OWNERSHIP - Ownership is more easily
transferred since the owners' interest is represented by shares of stock.
Shares can be
easily distributed to family members.
PERPETUAL EXISTENCE - Because it is an independent legal entity, it
does not cease to exist just because one of the owners dies or wishes to
retire.
RETIREMENT PLANS - Retirement funds such as Keogh, 401k's,
defined contribution plans, and other profit-sharing, pension and stock option
plans
offer greater benefits to corporations.
TAX OPTIONS - There are many more tax options available to
a corporation than any other form of business.
AND MANY MORE!
System Requirements.
A computer is not necessary to use this kit. However, if you will
be using the OPTIONAL 3.5" software disk in this kit (always included with the kit), your computer must be an IBM PC or
compatible, MS-DOS or any version of Windows, and any word processing program (such as
Microsoft Works, Word Perfect, or other brands.) |
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