Incorporate And Incorporation Services



             


Saturday, March 8, 2008

How To Incorporate In Indiana

Incorporating in Indiana is an easy process that can be done by hiring an experienced lawyer or a firm that specializes in helping people incorporates. People are no longer daunted by the complexity of the incorporation process, as they have realized the numerous advantages of incorporating and how it helps build credibility for their business.

Process of Incorporating:
- The kind of corporation to be formed has to be decided on and the necessary action to be taken for incorporating the venture.
- The name of the corporation has to be selected with care. It should be original, not a duplicate of any other registered business, nor be in the list of reserved names. The name may contain the words ?bank? or ?banks? as long as it does not convey the impression that it offers the same services as a bank or a trust company. The name has the end with the words or the abbreviations of the words ?Incorporated,? ?Corporation,? ?Company,? or ?Limited.?
- There must be a minimum of one incorporator and that person has to prepare and file the articles of incorporation after duly signing it. The articles of incorporation have to be filed with the Secretary of State of Indiana, and a fee of about $90 has to be paid. The state will process the articles within 15 business days.
- The articles of incorporation has to include other details such as

1. The names and addresses of the incorporators.

2. A document stating the number of shares that the corporation is authorized to issue. Optional provisions that can be included are

1. Names and addresses of the initial directors.
2. Statement of purpose.
3. Par value of the shares.

- There must be a minimum of one director and the board of directors has the right to adopt, amend, and repeal the bylaws formed by the incorporators as long as they are not restricted by any clause in the articles of incorporation. The bylaws have to be kept in the principal office, and they may provide details about officers or the board of directors may appoint officers and delegate duties to them such as preparing minutes and recording them and authenticating the corporate records. These officers may appoint other officers to help them. Officers can hold more than one office in the corporation.
- A registered agent is a must for any corporation in Indiana, and the registered agent has to be either a resident individual of Indiana whose business office is the same as the registered office or a corporation with authority to transact business in Indiana whose business office is the same as the registered office.
- Every corporation in Indiana has to have a registered office.
- Biennial reports have to be filed with the Secretary Of State. These reports have to include details such as corporate name, address of its registered and principal offices, names and addresses of the registered agent, and initial directors and officers.
- Taxes are as per the taxable net income of the corporations. These are a few guidelines for incorporating in Indiana.

There are firms that offer their services as well as products to help new entrepreneurs run a successful business.

Alexander Gordon is a writer for http://www.smallbusinessconsulting.com - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.

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