|How will this kit help me?
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.
is a corporation?
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."
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
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
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
kit: forms & instructions with
optional 3.5 inch software disk