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CORPORATIONS and LCS CALL FOR DOMESTIC CORPORATIONS FOREIGN CORPORATIONS Business COPY OF CORPORATE RESOLUTIONS (see exception below) Not For Profit Religious Business Yes* Yes Yes Not For Profit

How to fill out corporations and llcs

How to fill out corporations and LLCs:

1. Research and decide on the suitable business structure: Before filling out the necessary paperwork, it is important to understand the differences between corporations and LLCs. Consult with legal and financial professionals, as well as conduct thorough research, to determine which structure best suits your needs.
2. Choose a name and check availability: Select a unique and appropriate name for your corporation or LLC. Check with the appropriate state agency or website to ensure the name is not already in use. Some jurisdictions may require a DBA ("doing business as") registration if the desired name is already taken.
3. File the necessary documents: Each state has its own requirements for forming corporations and LLCs. Generally, you will need to file articles of incorporation for corporations or articles of organization for LLCs with the Secretary of State or similar agency. These documents typically include information such as the business name, registered agent, business purpose, and organizational structure.
4. Appoint a registered agent: A registered agent is a person or entity designated to receive legal and official documents on behalf of the business. This can be an individual within the company or a registered agent service provider. Ensure that the registered agent's contact information is accurately provided in the required filings.
5. Obtain any necessary licenses and permits: Depending on the nature of your business, you may need to obtain specific licenses or permits. Check with federal, state, and local agencies to ensure compliance with all applicable regulations.
6. Consider drafting an operating agreement or bylaws: Although not always required, it is advisable to create an operating agreement for LLCs or bylaws for corporations. These documents outline the internal operations, management structure, and decision-making processes of the business. They can help establish guidelines for the owners and protect the company's interests.

Who needs corporations and LLCs?

1. Entrepreneurs and small business owners: Many individuals choose to form corporations or LLCs to shield their personal assets from business liabilities. These structures provide limited liability protection, which helps protect personal finances in the event of lawsuits or debts incurred by the business.
2. Businesses seeking to raise capital: Corporations have the advantage of being able to issue various types of stock, allowing them to attract investors and raise capital. This makes corporations a preferred choice for startups and companies looking to scale.
3. Professionals in high-liability industries: LLCs are often favored by professionals, such as doctors, lawyers, and consultants, because they offer personal liability protection while still allowing for flexibility in management and taxation.
4. Real estate investors: Real estate investors often utilize LLCs to hold and manage their properties. This structure offers liability protection and can help with managing taxes and multiple investments under a single entity.

In summary, filling out corporations and LLCs involves researching and choosing the appropriate structure, filing the necessary documents with the state, appointing a registered agent, obtaining any required licenses or permits, and considering additional agreements. Both corporations and LLCs are beneficial to various individuals and businesses, offering liability protection and other advantages depending on their specific needs.

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