| How
Will This Kit Help Me?
This kit includes
all the documents and instruction you'll need to
successfully incorporate your business, and is legal and
valid in all
states
Forming a
corporation is one of the easiest and most profitable
legal matters an attorney can perform for a client.
There are only a few documents which must be filed to
set it up.
This kit includes
the documents needed to file with the Secretary of State
in your state and full instructions. It discusses in
detail exactly what a corporation is and the advantages
of incorporating your business. In addition to the cost
of this kit, you will need to pay state fees when you
submit the documents. The fees vary from state to state,
but average around $150.
What
Is A Corporation?
A corporation is a
business that is formed and authorized by law to act as
a single entity although it is constituted and owned by
one or more persons. It is legally endowed with
rights and responsibilities, defined by the United
States Supreme Court as "an artificial being, invisible,
intangible and existing only in contemplation of the
law."
What
Are Some Advantages To Forming A
Corporation?
LIMITED
LIABILITY - The liability of the owners is limited to
the extent of their investment in the corporation (with
the exception of unpaid taxes.) Creditors cannot attach
property of the owners. The corporation can enter into
contracts, sue and be sued without involvement of the
owners.
RAISING CAPITAL - Capital can be raised more
easily by selling shares of stock in the
business.
TRANSFERENCE OF OWNERSHIP - Ownership is more
easily transferred since the owners' interest is
represented by shares of stock. Shares can be easily
distributed to family members.
PERPETUAL EXISTENCE -
Because it is an independent legal entity, it does not
cease to exist just because one of the owners dies or
wishes to retire.
RETIREMENT PLANS - Retirement funds
such as Keogh, 401k's, defined contribution plans, and
other profit-sharing, pension and stock option plans
offer greater benefits to corporations.
TAX OPTIONS
- There are many more tax options available to a
corporation than any other form of business.
AND MANY
MORE!
System
Requirements.
A computer is not
necessary to use this kit. However, if you will be using
the OPTIONAL CD-ROM software that is included, you
can use it on any Windows or Mac system. The files
on the disk are "document" files that can be opened
using any word processing program, such as Microsoft
Word, Works, Word Perfect, Word Pad, Note Pad, etc. They
are "template" files. You can edit them in any way you
wish. You can then save them to your hard drive and
access them later.
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