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Extra resources for Incorporate Your Business: A Legal Guide to Forming a Corporation in Your State, 6th Edition
That’s because if your business makes money from operations in your home state, even if it is incor porated in another state, you still must pay homestate income taxes on this income. , plans to open a Massa chusetts facility to design and market holiday greeting cards throughout the country. If it incorporates in Delaware, it must qualify to do business in Massachusetts, and pay Massachusetts corporate income tax on its Massachusetts operations. It also must hire a registered agent to act on its behalf in Delaware.
The Employer’s Legal Handbook, by Fred S. Steingold, is a complete, plain-English guide to employee benefits, wage laws, workplace safety, and more. com) that explains what trade secrets are and shows you how to protect them from future competitors. Partnerships Form a Partnership, by Denis Clifford and Ralph Warner, thoroughly explains the legal and practical issues involved in forming a partnership and shows you how to write a comprehensive partnership agreement. LLCs LLC or Corporation? How to Choose the Right Form for Your Business, by Anthony Mancuso.
Incorporation fees are modest in most states—typically, $50 to $100—and fees are commonly based on the number of shares authorized for issuance in your articles. By the way, incorporation, limited partnership, and LLC fees and paperwork are about the same in terms of cost and complexity in most states. The ongoing paperwork that is necessary to keep your corporation legally current is generally not burdensome. But, unlike other business forms, you must pay particular attention to holding and documenting annual meetings of shareholders and directors, and keeping minutes of important corporate meetings.