A corporation is owned by shareholders. If you are the sole owner of the company, then you own 100 percent of the shares. If there are other owners besides yourself, the ownership position of each is based on the percentage of the total shares owned.
How do you start a corporation? Select a business name. Ensure the corporate name you plan to register is not already in use. Designate a board of directors. File articles of incorporation. Draft corporate bylaws. Obtain an Employer Identification Number (EIN). Issue stock.
How do I change an officer(s) of a corporation? Officer changes are made by filing an annual registration. The registration may be filed, and changes made, online or with a paper form.
An important first step when starting a corporation is selecting a business name. In most states, you'll need to include a corporate designation or a word that identifies your business as a corporation.
Although actual requirements can vary depending on the state, they typically involve the following: Select a state of incorporation. Choose a business name. File incorporation paperwork. Appoint a registered agent. Prepare corporate bylaws. Draft a shareholders' agreement. Hold the first board meeting. Get an EIN.
To start your own corporation, you must take these essential steps, including registering your business, appointing a board, creating bylaws, and issuing shares. Step 1: Choose a Name for Your Corporation. Step 2: File Articles of Incorporation. Step 3: Appoint Corporate Directors. Step 4: Draft the Bylaws.
Notice of Meeting. This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation. A corporation shall give notice consistent with its bylaws of meetings of members in a fair and reasonable manner.
Business owners or entities in Georgia who wish to change their current legal structure or type of entity may need a certificate of conversion. This may include individuals or companies who want to convert from one type of business entity to another, such as from a corporation to a limited liability company.
Forming a Georgia Corporation Name your Georgia corporation. Appoint Directors. Choose a Georgia Registered Agent. File the Georgia Articles of Incorporation. Create Corporate Bylaws. Draft a Shareholder Agreement. Issue shares of stock. Apply for Necessary Business Permits or Licenses.
Offer to help. You can ask, ``As you start this new role is there anything I can do to help you? Is there information I can collect for you? Are there any tasks that I can take off your plate?''