Thursday, June 13, 2013

How To Incorporate A Company Or Business

Considering how unstable the US economy is currently, it shouldn't be a surprise that entrepreneurship is on the rise and at an all time high.  Due to the lack of knowledge, on opening ones own business, or corporation, many never Perseus the act of doing it, or some over extend their self's financially.  One of those steps in which many over pay or extend their self's a bit too much is at the first stage of registering/incorporating the business.  Now do know, I am not a Lawyer and cannot not give any legal advice, legally, but just my own personal expertise and opinion on what  I have done and been able to achieve by myself.  With that being said,  I have had a few friends and business associates within the past week ask me how to incorporate a company and do they need a lawyer. And my answer is no you don't and it is very easy.  These are the steps you may want to take:

-Find out and go to your states website.  There they will have information and forms on filing and registering you new company.  Look for those forms, which is usually a pdf that can be filled out right on line and then printed out for signature.  Im in NY so I'll speak on NY's process for right now.  In NY the states website and forms needed would be :

http://www.dos.ny.gov/forms/corporations/1239-f-l.pdf
 http://www.dos.ny.gov/forms/corporations/1515-f-l.pdf

One form is to register/incorporate the business and the other is to pay the fees to do so which for a regular person filing with shares worth $0 currently, NY would be exactly $135 and more if you want expedited services.  The state offers hourly, 1 day and regular service on when the paper work will be processed.

On the first page of the certificate of Incorporation There is about 4 spaces to fill out which is pretty much self explanatory.  What I do want to say though is on the fifth line, where you can put an attention to, for who correspondence letters will be sent to, depending on what your objective maybe with the company, you may just want to put down the companies name and address, not a person.   Second page self explanatory as well and also signature lines that needs to be filled out after you print out.

There will be a Youtube video added by tomorrow about the step by step of how to fill it out so you can it yourself.

Please check out: The Come-Up Compilation Ebook
(has information about health, trading, notary, Top 10 SIC codes, Top 10 credit unions to join, Top 10 secured cards to get, and 10 step business credit plan) you can find it at:

 http://www.tradebit.com/filedetail.php/222443902-the-come-up-compilation

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