Profit FAQs
While many jurisdictions have abolished the requirement of maintaining a corporate seal, many corporations still prefer to maintain a corporate seal as a formality. Corporate…
Generally speaking, you should incorporate in the state in which you conduct your business. However, if you conduct your business in more than one state,…
If you do not make an election with the Internal Revenue Service (FORM 2553) or with the appropriate State Agency, you will be considered to…
Corporations are formed pursuant to state law and have shareholders, are managed by a Board of Directors, and the daily affairs are administered by officers.…
A business corporation must sell shares of stock in order to capitalize the corporation, that is, provide the corporation with its own capital, separate from…
Almost ALL jurisdictions require that the corporation designate a registered agent for service of process. However, in most cases, anyone who has a street address…
This is a corporation which is formed with the purpose of benefiting the public in some religious, scientific, educational or charitable way. Because of this…
If you plan on opening a bank account under your corporate name, most banks will require that your corporation have a Federal Employers Identification Number.…
Our forms allow you to name up to 6 officers for your corporation. While most jurisdictions allow the same person to act in all capacities,…
The Board of Directors is essentially the management body for the corporation. Responsibilities of the Board of Directors include establishing all business policies and approving…
Bylaws serve as the internal operating document for the corporation. Generally, Bylaws detail the responsibilities, rights, and duties of directors, shareholders and officers. Currently states…
A corporation's "Articles of Incorporation" is the main filing document which begins the corporation's existence under state law. Once filed, the corporation comes into existence.…