7 Easy Tips for Incorporating Your Business

Incorporating your business has many potential benefits. However, considering the incorporation of a business can bring up a lot of questions. The following is a list of facts and tips that could make incorporation easier for you. Probably the most important way to ease the transition into incorporation is by hiring an experienced business attorney, as this can save you from much wasted time and confusion. In the meantime, consider the following tips:

1. If your business is small, it’s probably best to incorporate in the state where you do most of your business.
2. If you are incorporating a large business, it may save you money to incorporate in a state with lenient corporate laws.
3. Your next step is a pre-incorporation agreement; an attorney can assist you with this.
4. When naming your business, research to make sure none of the names you have chosen are taken or trademarked.
5. For some corporations, there are rules about the name of a business. Most include a distinctive element, a descriptive element, and a legal ending. For example, in “Thompson Scott Paper, Inc.,” Thompson Scott is the distinctive element, Paper is the descriptive element, and Inc. is the ending. Some corporations are required to have a descriptive element while others are not.
6. You file your articles of incorporation with the office of the Secretary of State, and usually you must pay a fee that ranges from $25 to $1,000, depending on your area.
7. In most cases, you must include your corporate bylaws when you file for incorporation.

For More Information

With this outline, you and a business attorney should be able to work through incorporating your business rather seamlessly. Contact the Austin business lawyers of Slater, Kennon & Pugh Ltd.LLP at 512-472-2431 today for the assistance you need.