subject: Incorporate-Business Online [print this page] This legal function - enabling you to incorporate a business online - is one of the least known in online business and the world of making money on the net. At the time when one makes good money at home, it may be a very good idea to incorporate your business for tax and legal reasons.
To get going, you have to file Articles of Incorporation with your federal or state/provincial agencies. After that's been done, the Corporation has to be established by deciding on directors, issuing shares, appointing officers and instituting corporate bylaws. You will also need to start and maintain a 'Minute Book' which is a binder or file folder which contains the records that a corporation is required by the laws of your district, to keep.
Minute books often include the following documents, amongst others:
Articles of Incorporation
Corporate Bylaws
Minutes of Organizational Meetings
Minutes of Shareholder and Director meetings
Shareholder Agreements
Resolutions
Copies of any and all forms filed with the government on behalf of the corporation
Ledgers of directors, officers, shareholders and share transfers.
Properly establishing and maintaining a Minute Book is critical. Corporations that don't keep and monitor thorough and accurate minute books can suddenly face severe repercussions in some cases the incorporated company may even lose its corporate status and the benefits that come with it, including limited liability for shareholders.
This seems like a UBER large task, but there is a way to do it online. I had a great experience with this service earlier this year and was amazed how well it worked and my corporation was put together in two days. Also, I had been quoted by several legal offices anywhere from $2,000.00 to $3,500.00 and this was one third of that.
Whether you live in the USA, Canada, Australia or the UK, I'm positive that you will see this as a very easy and efficient way to attend to the legal aspects of your 'making money at home' business.
