this kit help me?
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
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
* 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!
Complete kit: forms & instructions with
optional 3.5 inch software disk