FORM YOUR CORPORATION IN 3 EASY STEPS
You can complete the 3-step process online and leave the rest to us. Subject to turnaround time at government agencies, we can complete your project within 3 business days, allowing you to focus on building your dream.
What is a corporation?
A corporation is a business entity that is registered as such with the state. Corporations are considered to be legal persons, and have many of the same rights and responsibilities that individuals do. Ownership of a corporation is accomplished by holding shares of stock in the corporation. By selling stock, corporations are able to generate funds to expand the business or to increase capital.
What are the benefits of incorporation?
The key benefit in forming a corporation is protection from legal liability. In essence, the shareholders of the corporation are protected from personal liability for claims against the corporation. This protection is not absolute, however. Under certain circumstances, shareholders may be held personally liable for the conduct of the corporation.
Incorporation has other benefits. Banks are more likely to loan to businesses that have incorporated. Corporations exist in perpetuity, which means they continue after the death of individual shareholders.
Why hire us to incorporate?
We can help you choose the correct corporate form, assist you in setting up a proper stock structure, and address crucial questions such as what happens in the event a shareholder dies or leaves the company. We can keep you up to date on regulatory requirements, and help you avoid pitfalls not addressed by online incorporation services. Save money on future legal fees by consulting with experienced legal professionals at start-up time.
Do I need a Shareholder Agreement for my company?
Just like a prenuptial agreement can reduce difficulties in the event of a divorce, a shareholder agreement can reduce issues when it becomes necessary to distribute assets or make tough decisions regarding the family business. An agreement among shareholders or family owners lays the ground rules on matters such as governance, succession, transfer of assets, liquidity and taxes. A shareholder agreement may address such questions as board composition, decision-making process, planning for business succession in the event of disability or death. Make sure that your business succeeds by addressing these issues while saving money in the long run and avoiding conflict.
CONTACT A SKAGIT BUSINESS PLANNING LAWYER TO HELP WITH YOUR CORPORATION
Call us at 360.630.3635 or set up a Skype/FaceTime consultation and put an experienced Skagit business lawyer to work.
CHOOSE A FLAT FEE SERVICE
FLAT FEE SERVICES
CORP FORMATION* $300
Choice of Entity Counsel
"How- to-run-your-entity" Letter
CORP FORMATION* $750
* Washington Secretary of State fees as well as business license fees are paid separately.