The term ‘holding company’ is merely a designation for a for-profit entity whose sole or nearly exclusive purpose is to own property. [ Read More… →]
In all states, if you wish to file for Corporation or Limited Liability Company as a new business entity, the name of the entity sought to be formed must be distinguishable from any entity already of record. [ Read More… →]
In a large number of states, an individual who is an initial Director of the Corporation also can serve as the Statutory Agent for the corporation. [ Read More… →]
Incorporation Questions · May 8th, 2013
A corporation is formed by filing the Articles of Incorporation (or the Certification of Incorporation) with the appropriate state agency.
Only after that filing is completed does attention turn toward the type of corporate treatment, as it is not done with the Secretary of State or with the incorporation filing. [ Read More… →]
Incorporation Questions · March 25th, 2013
IRS Form 2553 allows you to elect S status for your corporation, which provides for pass-through tax treatment as compared to being taxed at both the corporate and shareholder level. [ Read More… →]
Incorporation Questions · March 5th, 2013
A company name can be any set of words — including a person’s name — so long as that identity is not already registered by another in a particular state.
Minor children can take title to real estate via Quitclaim and can be named as shareholders in a corporation.
But there are issues and limitations surrounding the future capabilities of each of these actions. [ Read More… →]
Corporations and LLCs do not necessarily have to disclose the names of people holding ownership interests in those entities within any public records. [ Read More… →]
Whether or not foreigners or non-US citizen living in the USA and holding work-visas can create a Limited Liability Company or file for Corporation status depends upon the state involved. [ Read More… →]
For the purposes for forming a general business Corporation or filing for Limited Liability Company (LLC) status, there are no requirements that a person be a resident of the state in which the company is to be formed.
But there is one requirement for most states that must be managed. [ Read More… →]