There’s little you can do that’s more important than to protect your business by incorporating it. But so many entrepreneurs think the process of incorporating a business is complicated and so never bother with it. Nothing could be further from the truth. Here are six simple steps to help you incorporate.
Step 1: Conduct a Corporate Name Search
You first need to see if the name you want to use for your business isn’t used by anyone else. If it is, you’ll have to change the name slightly or choose a different state to incorporate in. We offer a free name search you can use to see if you can file your incorporation paperwork under the name you want.
Step 2: Choose Where You Want to Incorporate
The next step is to decide which state you will incorporate in. Many people choose to incorporate in Delaware because of its business-friendly environment. As a corporation in Delaware, you won’t pay state corporate income tax if your corporation was formed in Delaware but you do not transact business there (but there is a franchise tax). Still, it’s often easiest to incorporate in the state you operate out of. The decision is up to you. Continue reading “How to Incorporate in 6 Easy Steps” »