Before you do incorporate online however, there are lots of decisions that need to be made in advance.
For example, you need to decide on the type of corporation that best suits your company. In particular this decision is critical as it will effect how your business is taxed in the future.
You also need to decide before you start the incorporation process, the state in which your business is to be registered in. Will it be your home state for convenience, or will you take advantage of some of the benefits that incorporation in states such as Delaware or Nevada provide?
Once these critical decisions have been made (professional legal and financial advice should always be sought), you can turn your thoughts to the actual incorporation process.
You could complete all the legal forms yourself and deliver them, or you could pay your lawyer to complete the process.
Alternatively, you could use the services of an online incorporation company. The online providers will complete most of the administration for you, but in most cases they won't provide any legal advice.
Services typically offered by these online companies include:
- checking of the legal forms
- provision of registered agents in the state you choose to incorporate your business in
- name availability checks
- filing and delivery of the documentation
So what are the benefits of incorporating online?
Firstly simplicity! Completing the incorporation process online is easy, just follow the step by step instructions on your computer and complete the online forms.
You can literally complete the process in minutes, regardless of which state you choose to actually incorporate in. Simply fill in the online forms and hit the submit button, and let the online provider do the rest.
Most online incorporation services can handle incorporation in any state and know exactly what information each individual state requires. They know how long the process will take by state, the different incorporation fees that will be charged and the specific details each state needs.
The incorporation process becomes much simpler when you use an online service.
Another obvious benefit of incorporating online is money. It will usually be less expensive to incorporate online. Online services should be cheaper than hiring agents or lawyers to process the documentation and forms for you. Web forms and the automation the internet provides, saves on administrative overheads.
If your business is relatively small, and it's structure is straight forward, incorporating online will most likely be a viable route for you, and will almost always save you money.
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The author, Richard Taylor has written many articles about business incorporation. To read more about incorporating your business, visit: www.incorporate-my-business.com
