What
is a registered agent and why do I need one?
Can
we appoint our own registered agent?
Must
a corporate name have a suffix?
What
is the difference between an "S" corporation and a "C"
corporation?
If
we incorporate in another state than the state we are doing business,
must we file with the state we are actually conducting business
in?
How
many directors and officers does the corporation need to have?
How
soon will I have a Tax ID number or Federal ID Number for the corporation?
How
many shares of stock do we need to authorize and at what par value?
What's
the difference between Authorized and Issued Shares of Stock?
Does
one stock certificate represent one share of stock?
Is
there a fee for name reservations?
Are
there any additional cost than what's on the homepage of USCORP123.COM?
What
is a registered agent and why do I need one?
State laws require that a location that is open and staffed during
business hours be designated in the state of incorporation to receive and
forward official documents from the state of service of process and other
legal notifications. Also a registered agent will forward franchise tax
reports to your corporation.
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Can
we appoint our own registered agent?
Yes. USCORP123.COM, Inc. will appoint, who the applicant is as the
registered agent for the corporation you wish to form. USCORP123.COM currently
does not charge for registered agents fees if the client is the registered
agent. In order to be appointed as your own registered agent and avoid
potential charges you must sign off an acceptance letter as the registered
agent and must have an address of record in the state you wish to incorporate
in, if no address is available we will assist you in obtaining an address with
our "Suite Vendors", the cost is generally $15.00 to $20.00 per
month with mail forwarding. This process is required in most states and
generally will take an extra day or two to process the corporation filing.
If you are planning on incorporating in a state other than the state you plan
on holding a physical office, the registered agents fee is $125.00 per year.
This is most common for Delaware and Nevada corporations. However, if you have
an individual that resides in the state you are planning to incorporate in and
they agree to act as your resident / registered agent, you can then avoid the
fee. Of course, this person or entity will have to sign the resident /
registered agent acceptance.
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Must
a corporate name have a suffix?
Yes. The corporate name you choose must include a suffix, either spelled out
or abbrieviated, examples are Incorporated (INC), Corporation (CORP),
Professional Association (PA)(P.C. in some states), or Limited Liability
Company (LLC). When completing the incorporation request, please indicate your
choice.
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What
is the difference between an "S" corporation and a "C"
corporation?
An "S" corporation is a very attractive
entity. Available to small companies (up to 75 shareholders, all of whom must
be citizens or residents of the U.S.), it provides the benefits of
incorporation, while eliminating "double taxation." Rather than
being taxed at the corporate level, profits and losses (pass through in
accounting terms ) are included in your personal return (claiming business
losses can reduce your personal tax bill, especially in the
"start-up" year, and possibly the second and third fiscal year of
the company). These extra tax advantages are not available to shareholders in
a regular "C" corporation. An
"S" corporation though can only issue one class of stock. USCORP123.COM
can apply for "S" status for your company and does not currently
charge for completion of the form.
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If
we incorporate in another state than the state we are doing business, must we
file with the state we are actually conducting business in?
Yes. Legally,
you must file with any state your are doing business in. If you file a
corporation in Nevada due to the state's non-taxable corporate status, you
must file within the state you are actually doing business in. This process
for most small businesses generally result in additional charges. The process
of filing as a sub-chapters "S" corporation and filing in a
"corporate tax free state" will still result in the profits or
losses passing to the shareholder's personal tax return, thus defeating the
purpose of a tax free status. Your decision of Incorporating in another state
should be thought out very carefully.
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How
many directors and officers does the corporation need to have?
Generally, only one director and or officer has to be appointed with the
Articles or Certificates of Incorporation. However, some states vary in these
requirements, but usually require no more than three. Requirements for LLC's
(Limited Liability Companies) vary by state.
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How
soon will I have a Tax ID number or Federal ID Number for the corporation?
For most corporations, in most states, USCORP123.COM will have a Tax ID
(FEIN) within 24-48 hours. In some cases, the internal revenue service will
only handle request via FAX, if this is the case with your IRS servicing
center, we will have your tax id number withing 5-7 working day. The fee for
tax ID Serivce is currently $50.00.
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How
many shares of stock do we need to authorize and at what par value?
USCORP123.COM automatically AUTHORIZES 7500 shares of stock for all
incorporating request. The amount of authorized shares depends on what the
plans of the company are, i.e. if you plan on going public or have a private
offering to individuals in the future. You should certainly consult with your
business planner, CPA, or Attorney to determine how many shares to authorize.
We place a par value of $1.00 on all shares. These amounts can be what you and
your partners request. You must email us to request different values.
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What's
the difference between Authorized and Issued Shares of Stock?
Authorized is the amount of stock that a company is approved to issue. Issued
stock is stock that has been issued to an entity, be it a person, business, or
certain types of trust. Stock must be issued for capitalization in most
states, unless the corporation is a non-stock company or entity that has
members or no stock authorization at all. These types of corporations are
generally NOT FOR PROFIT.
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Does
one stock certificate represent one share of stock?
It can, however, one stock certificate can represent millions of shares of
stock up to the amount authorized, as stated on the or in the Articles or
Certificate of Incorporation.
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Is
there a fee for name reservations?
Yes. In most
states the fee is generally between $20.00 and $50.00. Call and we will assist
you in reserving the name.
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Are
there any additional cost than what's on the homepage of USCORP123.COM?
Yes, if you
choose options of expedite service, overnight service, if you are located out
of the country, and if you do not have an address in the state you are
incorporating. Call us for a complete quote or Print the Client Worksheet to
figure your exact cost.
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ŠU.S.Corp 123.com 2001 Incorporation Services (USCORP123.COM
does not provide Legal or Tax Advise,only expressed opinions)
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