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INCORPORATING A SMALL BUSINESS "KIT" GOV2
Summary
If you are the ownermanager of a small business you may have been wondering about the advisability of incorporating your business, particularly if you are seeking equity capital.
This Aid does not discuss the advantages and disadvantages of the corporate form; its purpose is to acquaint you with some of the basic steps involved once you have decided to incorporate.
This Aid is not to be considered a substitute for professional advice. Legal guidance will insure that (a) the articles of incorporation and the bylaws are tailored to the needs of your particular business enterprise, (b) you understand the various aspects of the tax obligations involved, and (c) you will be in compliance with the State, Vocal, and Federal laws affecting the corporation.
Laws governing the procedure for obtaining a corporate charter vary among States. Detailed information about the requirements of your State can be obtained from the secretary or other official designated to supervise the granting of corporate charters.
Choosing the Location
The majority of small and mediumsized businesses, especially those whose trade is
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