C CORPORATE FORMATION
A C Corporation is an independent legal entity owned by shareholders that has the ability to generate capital by selling products and issuing stock. Our attorneys will help you determine the right structure and provide all of the necessary services to get your business started and personally prepare all company documents to form the company best suited for your purposes. Consultations are free and we look forward to speaking with you.
We will prepare all the necessary forms and supporting documents to incorporate a C Corporation. Services includes obtaining:
- Corporate name clearance and draft Articles of Association;
- Customized Articles of Incorporation indemnifying the officers and directors of the program;
- Customized Bylaws designed to provide instruction on how to manage the new corporation;
- Minutes of the Board of Directors and Stock Ledger;
- Federal Identification Number.
In short, we provide a start to finish service. Your case is safe with us until the case is complete.
Legal Fee $2,500
*Legal Fees vary based on complexity of each case, and the above quoted price represents the amount we charge for a typical case.
- A corporation is a stand-alone entity--incorporating limits liability and protects owners personal assets from lawsuits, debt collection, and other business issues that can arise;
- A corporation also separates tax liabilities, such that the owner's personal tax liabilities is separate from the corporation. The owner is only responsible for paying taxes on the money the corporation pays them in the form of a salary, commission, or dividends;
- A corporation is also everlasting, such that it is its own entity and can continue well past its owner's lifetime;
- A corporation also has the ability to generate capital, and to raise funds through the sale of stock.
- In some cases, corporations are taxed twice--first when the company makes a profit, and again when dividends are paid to shareholders.
- It takes of minimum of approximately $1000 in taxes and government fees and a year to operate
- Corporations are more formal than other forms of legal entities and require more systematic and traditional forms of corporate structure which is more time consuming.
- Elect S-corporation Status, required by the states of Arkansas, California, New Jersey, and New York;
- Register as a "Foreign Corporation" if necessary
- Obtain licenses and permits;
- Set up a record keeping and accounting system.
In order to provide you with the best and most accurate consultation, we recommend that you bring as many of the following information as you can to ensure a productive meeting.
Client Questionnaire for Incorporating a C Corporation:
- List three potential names for your corporation.
- What is the address of the corporation? Do not include P.O. box.
- Do you plan on issuing stock to generate investment?
- How many shares of stock the corporation is authorized to issue?
- What is the name of the incorporator?
- Who is the Chief Executive Officer?
- Who is the Secretary?
- Who is the Chief Financial Officer?
- What are the names and addresses of all directors?
- What kind of business do you wish to incorporate?
- Do you have a business plan?
- What are your projected revenues 5 years from now?
- In which location(s) would you like to conduct business?
- Who have you designated to receive service of process in the event that your corporation is sued?
- What types of payment do you plan on accepting from customers?
- What kind(s) of merchandise do you plan on selling?