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Corporations 101

When starting your own business, there are lots of things you need to know so your business will be successful. Many small business owners forget that there are certain requirements they have to meet when setting up corporation. One of such requirement is to hold regular meeting of shareholders and directors. All important matters are decided on such meetings and the written document from such meeting is called company minutes. Keeping the records and minutes is very important because IRS will require to see them. IRS will do the auditing and will see minutes for all director and shareholder meetings from the date you started the company. It doesn’t matter if you are just one person company. You still have to do the meetings.

When your corporation is first set up you should have a meeting of directors and shareholders. You should adopt by-laws. When your LLC is set up you should adopt an Operating agreement. Sounds complicated? Don’t worry, IncParadise can help you with shelf corporations that they offer. First if you like they can offer you free forms. Sounds good isn’t it? You don’t have to buy them. They can also prepare the whole set of documents for only $20-$25. IncParadise is helping small business owners to start their own companies. They have great prices and excellent services.

For example they offer/give their clients free options. You can get your own tax id using their forms or they can get it for you for only $25. 

They have probably the lowest price for corporate kits.

They have great FAQ section so you can learn difference between LLC and Corporation, etc.

If you have any questions they can help to answer them. Just send your email at info@eastbiz.com. They also have blog where they try to answer many questions at www.incparadise.com/news. So check it out. 

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