By Richard Harroch
A overview of the important steps and key documents required when setting up a corporation.
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Many businesses today are established as corporations. Corporations are separate legal entities that are typically used to operate a business. Corporations give you the advantage of limited liability, meaning that when you incorporate a startup, you risk only the amount you invest in the company—provided that you properly operate the corporation.
Corporations are not complicated to set up. However, you do have to follow some important steps and create a number of documents. In this article, I give an overview of the key elements in creating a corporation.
Incorporating a Startup: Preliminary Corporate Foundation Issues
Forming a corporation requires you to take some basic steps. Corporations are subject to state statutes, and the rules and procedures for creating corporations vary from state to state. Before you incorporate a…