Incorporating Your Business Takes More Than Formal Filing

2007-03-08 10:33:40

( Business )



Incorporating your business is the best way for you to access the tax advantages and liability protection offered by incorporation. The process of incorporating your business is easy to follow, albeit a little tedious. The corporate filings staff in your secretary of state’s office can show you how to incorporate your business, if you decide to file your own paperwork with the state.

In most states, you can even accomplish most of the formal process of incorporating your business online. The states operate websites that walk you through the process, similar to a business portal that shows you how to incorporate in California.

You may then download the necessary forms for registration, like the articles of incorporation, fill them out and submit. You may also engage lawyers or incorporation services providers to undertake these formal filings and other official requirements.

But there are other aspects about incorporating your business beyond the formal requisites of filing your articles and having them approved. When you think about how to incorporate a business, you realize that you have key assets that you must protect. These assets are the reason for existence of your business and will be its engine for growth.

These assets consist of your intellectual property, like the patents and copyrights on your products, trademarks, and even your website address. Your inventor’s records and confidentiality agreements form part of these assets. If you cannot protect these assets, your company will be vulnerable to the stiff competition in the market. You need protective measures even more if you plan to franchise your business.

You have to find the right people to work with you after you have finished incorporating your business. You will need to get funding and organize your logistics so that your business will be able to market effectively and deliver on its marketing promises to customers.


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