Incorporating a business is the process by which a business is formed into a new corporation, which will allow for the establishment of the business to be recognized under the law. Businesses become incorporated because it provides certain advantages, such as protection of personal assets, taxation, transfer of ownership, retirement funds, and ability to sell stock. Due to convenience factors provided by technology, businesses can now be incorporated online.
Many might believe that the incorporation process may be more difficult than it truly is, particularly now that the ability to incorporate businesses online is a possibility. One will have to visit the state and Federal websites in order to research any requirements that may be imposed in order to complete the incorporation process through the internet.
The first step to incorporating business online will be to check the availability of the business or corporate name. If the name already exists, it may have to be altered or changed entirely. Secondly, one will have to decide the amount of shares that are to be offered and the price for each share. This will also entail the need of appointing three positions, President, Treasurer/Secretary, and a registered agent.
All of this information will then be filled out on the incorporate business online webpage of the appropriate state. Within a few weeks, a notice and the proper documents stating that the business has been incorporated will be received, which will then allow one to open a business checking account and sell stock in the new corporation.