Business Formation Help Guides and Resources

Business Formation Help Guides

How to Start an LLC in Your State

To find out how to start an LLC in your state simply choose your state from the list below. Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire ......

Essential Guide to Starting a Business

Starting a business takes work. There is no way around it. This guide is meant to remove the guesswork and lay out a clear and simple plan for you to follow to smoothly start and operate a successful business....

Can nonprofit corporations issue shares of stock?

Almost all states expressly prohibit nonprofits from issuing stock shares. This is because, unlike other types of corporations, nonprofits may not operate for profit. Therefore, there is no goal of increasing value for shareholders. Instead, profits get reinvested in the corporation. However, a few states do allow nonprofits to issue stock shares th...

What does the IRS class as a "Household Employee"?

"Household employees" are those that perform household work in your private, non-farm home (for example, child care, housekeeping, or gardening work). If you hire someone to do household work and you can control what work he or she does and how he or she does it, then you have a household employee....

What does the IRS class as an "Agricultural Employee"?

The Internal Revenue Service's classification of "Agricultural Employees" includes farm workers that raise or harvest agricultural or horticultural products on a farm, including raising livestock. It also includes those who work in connection with the operation, management, conservation, improvement, or maintenance of a farm and its tools and equipm...

What is expedited filing?

Expedited filing is a popular option for corporations seeking to shorten the time it takes to receive approval of their articles of incorporation filed with the state. This option often results in time savings of two or three weeks, allowing the corporation to open its doors and start receiving revenue much faster. The requirements for using expedit...

How do I form an LLC?

Once an LLC has filed its certificate of formation, it should also complete the LLC operating agreement. Although the operating agreement is not compulsory under the law, it is essential for protecting limited liability status, preventing disputes among members, and ensuring that the company follows legal formalities. Without an LLC operating agreem...

What is a partnership?

A general partnership is created when two or more people decide to carry on a business together. A partnership usually operates in accordance with a partnership agreement. A general partnership agreement is a legal document defining how the business will operate. The agreement helps partners delineate how they will make decisions and what role each...

In which state should I incorporate?

When deciding in which state to incorporate, it is necessary to consider many different factors. The ultimate choice will depend on the particulars of your business’s situation and needs. First, you will need to become familiar with the relevant business laws in the state where your business is physically located. Incorporating in your home state ma...

How do I choose a name for my business?

When completing your articles of incorporation you will need to indicate a unique name for your business. The name should not lead consumers to confuse your business with another business already in existence, especially if that business operates in the same region or industry in which you plan to conduct business. Best practice is to shortlist your...