By W. Kelsea Eckert
A consultant to making a company, from the idea that to getting up and operating. offers the professionals and cons of incorporation, aiding the reader make a decision which sort of company could be the most sensible. deals criminal and tax info, varieties, and internet addresses the place additional information is found. past version: c1998. Softcover. DLC: company law--United States--Popular works.
Read Online or Download How to Form Your Own Corporation: With Forms PDF
Similar business books
We now stay in a 'wiki' international the place mass collaboration isn't just possible'it's usually the easiest resolution. traditional administration concept assumes that command-and-control is the simplest approach to manage the efforts of huge numbers of individuals, yet swift switch and lengthening complexity have rendered that version out of date.
Have you considered operating for your self? probably its anything you've been dreaming approximately for years. Is so, depart the Bastards in the back of is for you. For too lengthy, you've labored for different people's businesses and been bossed round through negative bosses. now could be the time to paintings for the easiest boss you've — your self!
The truth is, simply because they're those really doing the daily paintings front-line staff see a good many difficulties and possibilities that their managers don't. yet such a lot enterprises do very poorly at tapping into this amazing power resource of revenue-enhancing, savings-generating principles.
- Electronic Business und Mobile Business: Ansätze, Konzepte und Geschäftsmodelle
- How to Start and Run your Own Business
- The Essentials of Business Etiquette: How to Greet, Eat, and Tweet Your Way to Success
- Talk Normal: Stop the Business Speak, Jargon and Waffle
- Strategic Management: An Integrated Approach
Extra info for How to Form Your Own Corporation: With Forms
Some thought should be given to the way in which the ownership of the stock will be held. Stock owned in one person’s name alone is subject to probate upon death. Making two persons joint owners of the stock (joint tenants with full rights of survivorship) would avoid probate upon the death of one of them. However, taking a joint owner’s name off in the event of a disagreement (such as divorce) could be troublesome. Where a couple jointly operates a business, joint ownership would be best. But where one person is the sole party involved in the business, the desire to avoid probate should be weighed against the risk of losing half the business in a divorce.
Par value is not always the actual value of the stock because a corporation’s net worth may play a role. When issuing stock, the full par value must be paid for in shares. If this is not done, then the shareholder can later be held liable for the full par value. For more important information about issuing stock see Chapter 5. 25 how to form your own corporation The name of the registered agent and the address of the registered office along with the agent’s acceptance. Each corporation must have a registered agent and a registered office.
In some cases it may be advantageous to issue different classes of stock, such as common and preferred, or voting and non-voting, but such matters should be discussed with an attorney or accountant. If there are different classes of stock, then the articles of incorporation must contain a designation of the classes and a statement of the preferences, limitations, and relative rights of each class. In addition, if there are to be any preferred or special shares issued in series, then the articles must explain the relative rights and preferences and any authority of the board of directors to establish preferences.