How To Incorporate A Company

2007-03-08 10:33:40

( Business )



To set up a company is quite an easy task to do. However, to decide how to incorporate a company would require more factors to consider. To know how to incorporate a company is not a game. It's take a lot of serious thinking to do so.

In order to know how to incorporate a small business, you would have to consider first if you would like to have sole proprietorship, partnership, corporation, or limited liability company.

Think about the possible tax requirements and other financial needs before you decide on a business structure when you have decided how to incorporate a company.

After having considered the business structure you want to establish, consider your company's vision and mission. Are you planning to expand in the long run? Would you like to have your business run by close knit family members only? Would you considering going public with your business and selling company shares?

In incorporating a small business, consider your company size. Is your company starting out small? Would you have a few number of employees or would you need a new division to solely handle human resources?

When you know how to incorporate, you would also take into consideration your financial stability. Did you just get a loan to finance your business? Do you have enough capital to start your business and incorporate?

Obviously, sole proprietorship is the easiest way to incorporate. You only need yourself to run your business. You become knowledgeable in all aspects of your business. You learn everything about accounting, sales, marketing, inventory management, human resources, and a lot of aspects about your business when you know how to incorporate a company.

If your business is just starting out and if your capital is just small, having sole proprietorship is the most suggested way to incorporate. If your expected business profit is initially small, it would also be better to have sole proprietorship.


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