HOW to Form Your Corporation:
First, see if the name for the Corporation is available. We can
do this search for you.
Then you need to file your "Articles of Organization"
with the Massachusetts Corporations Division with the filing fee
of $305. This can be done very quickly and affordably by our office:
see our Fees page for
pricing. Once your Articles of Organiztion are accepted by the Secretary
of State, your Corporation is a legal entity.
Once your Corporation is formed
YOU MUST DO THESE THINGS:
Now what?
1) You need to obtain a Employer identification number from
the IRS (Form SS-4). This can be done by phone by calling the IRS
Business & Specialty Tax Line at (800) 829-4933 or online at
the IRS website: http://www.irs.gov/businesses/small/article/0,,id=97860,00.html
2) Next, you should establish a seperate bank account for your
corporation. You will need your business identification number to
do this.
3) Next, you need to issue stock certificates. Our office can order
printing of Stock certificates for you as part of our
"professional" Incorporation package.
4) Next, you need to hold several important meetings: The First
is called the "stockholders meeting" whereby the original
owners (stockholders) vote in the Board of Directors. Then the Board
of Directors votes into office the President, V.P. and Clerk etc.
The clerk can take down the minutes of this meeting.
5) Although not mandatory, By Laws should be created and adopted
by the Board of Directors. They set out the "rules" for
running the corporation.
6) Stockholder agreements are a good idea at this time also to
set out and define the proceedures for selling of transferring stock.
Medical reimbursement plans are an attractive option at this time
also.
Or call us and let us do these
for you: (617-479-4300) or click here for the Maximun
Protection Plan
All of these steps are required in order to maintain proper
corporate protection advantages. If you do not do these things
it may be possible for a creditir to strip you of corporate insulation
from personal liability. That is called "piercing the Corporate
veil". You must keep your personal assets and corporate assets
seperate.
To obtain the legal protection that you thought you were getting
when you incorporated and to prevent the Piercing
of the important Corporate Veil of Protection, we have established
a Corporate Compliance Service to provide business compliance solutions
for corporations -- insuring that the necessary legal formalities
are met. For a reasonable annual legal
fee for each entity, we can provide companies with basic corporate
compliance services.
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