This due diligence checklist identifies the guidelines and general overview of a corporation by providing information and supportive materials regarding business transactions.
North Dakota Short Form Checklist and Guidelines for Basic Corporate Entity Overview
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What Forms Do I Need to Start a Corporation? Every state requires corporations to file a formation document such as a Certificate of Formation, a Certificate of Incorporation, or the Articles of Incorporation. Some states may require additional documents, such as a state tax registration form.
File your Articles of Incorporation. Draft corporate bylaws. Draft a shareholders' agreement. Hold an initial board of directors meeting.
Steps of the Company Incorporation ProcessStep 1: Reservation of Business Name with the Securities and Exchange Commission (SEC)Step 2: Submission of Documents to SEC.Step 3: Registration with Local Government Units (LGUs) of the location where you want to establish your business.More items...
The articles may be filed online at the North Dakota Secretary of State FirstStop website or by postal mail or fax. The filing fee is $135.
Do-It-Yourself Checklist to Incorporate Your BusinessFind a Name. The first step to incorporating your business is making sure your business's name is available.Create Your Governing Documents.File Your Paperwork.Hold a Meeting.Obtain an EIN.Continue Building Your Business.
Tip. The five main characteristics of a corporation are limited liability, shareholder ownership, double taxation, continuing lifespan and, in most cases, professional management.
How to become a corporationHire a transactional attorney.Appoint a registered agent and file the articles of incorporation.Create the corporate bylaws and appoint directors.Issue stock.File any other necessary documents with your local secretary of state.File any necessary IRS forms.
Basic Steps to Forming a CorporationDecide Where to Form Your Company. You can incorporate in any of the 50 states.Choose a name. In general, the name of a corporation must end with "incorporated," "corporation," or an abbreviation of one of these.Choose a Board of Directors.Choose Officers.Designate a Registered Agent.
To form a corporation in North Dakota, you must file articles of incorporation with the Secretary of State and pay a fee. Upon filing, the Secretary of State issues a certificate of incorporation. The corporation's existence begins when the certificate is issued, unless the articles specify a later date.
In the United States, there are three types of corporations.C corporation (C corp)S corporation (S corp)Limited liability company (LLC)
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