Incorporating online is not a difficult process; legally, anyone of sound mind can complete the process for any state. However, for the uninitiated or the inexperienced person, incorporating small business can be intimidating. Much of this is due to the many complex rules, regulations and paperwork required. Incorporating online is not for everyone, but help is available.
Why Bother?
Online incorporation is a relatively quick and easy way to protect your personal assets should your business incur liability or experience financial trouble. In either case, your own personal property and credit status will be unaffected.
That said, not all states are created equal when it comes to incorporating your business. An online consultant can help you decide which state's business laws are most advantageous for incorporating small business. Some states - particularly Delaware and Nevada - are known as "corporate havens" that offer lower fees, fewer filing requirements, greater protection and lower taxes. A reputable consulting service provider can show you how to incorporate business in such a haven and what benefits you can expect as a result.
Paperwork
Whether incorporating online or off, the process of incorporating your business means paperwork, forms, reports, and more paperwork. If you are like many people, you have little patience with filling out paperwork.
Online consulting services that specialize in incorporating small business do all of this for you. All that is typically necessary on your part is to fill out a simple form when you sign on for their services. For a nominal fee of anywhere from $75 to $300, the consulting firm will take care of everything else. For an extra fee, they may be able to deliver in a relatively short amount of time in some states - as little as 24 hours.
Legality
If you are incorporating your business in one state, but reside and operate your business in another, the law requires that you have an address and a registered agent, or representative, in that state. This is another invaluable service provided by online incorporation services.
Questions
Finally, incorporating online may bring up many questions. An online consultant should be able to answer any and all questions you have about incorporating small business in clear, understandable language. Even if they are doing the actual work, it behooves you to have a good general idea of how to incorporate business in the state of your choice. Do your due diligence when incorporating online, and you'll find the consulting services that will serve your interests best.
