Friday, September 25, 2009

Incorporating Your Business


Incorporating is a big step, and its important to be ready. This is your first official declaration to the world that you are ready to start your business. In addition, this is when your money starts going to the government. There are resources to help you incorporate, and here I'll let you in on what I found.


There is a book by Nolo, "Incorporate your Business" which is quite helpful in understanding the reasoning behind incorporating and the difference between all the different kinds of formations. At the end of the book there are specific state pages which tells you the particulars of how to incorporate in each state and how the laws and fees differ.

Delaware is known as a corporate friendly state. Their courts are experienced and they have more refined and company friendly outcomes than most other states. Also the incorporation fees in Delaware are relatively low and you are able to perform a name search online for free and real time.

Here is a great guide from the state of Delaware of the steps to incorporate in Delaware: http://corp.delaware.gov/howtoform.shtml

Goodluck!

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