Business Formation A corporation/LLC is an organization that is approved by your state to conduct business. It is a legal entity separate and distinct from its owners, it is a separate person in the eyes of the law. An individual would form a corporation to protect their personal assets because the owners of a corporation/LLC are generally not personally responsible for the corporation’s debts. This is called “limited liability protection.” The creation of this entity generally requires the preparation and filing of certain documents with The Secretary of State in your state of formation, and running the corporation generally requires more formality than is required for most types of businesses. The corporation/LLC is formed by an incorporator organizer if an LLC, owned by shareholders, managed by directors and typically operated by its officers. YOUR EBOSS will form your form your entity whether a corporation or LLC (Limited Liability Company) as well as maintaining it though out the year. To get started create the name of your company if you need assistance with this we can help. List all the people involved in the business, such as partners and decide their position and title in the company. Include and address for your company, this would be an address other than your home address, if you do not have one we can help.
Posted on: Tue, 30 Sep 2014 21:06:20 +0000
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