What is the process for forming a corporation?

Forming a corporation in Massachusetts is a process that requires some legal and financial considerations. First, you must choose a name for your corporation that is not currently in use by another corporation in the state. The name must include the phrase “incorporated” or “corporation”. Next, you must create and file the Articles of Incorporation with the Massachusetts Secretary of the Commonwealth. The Articles of Incorporation must include the corporation’s name, its purpose, its address, its number of authorized shares, and the names and addresses of the corporation’s directors. The filing fee for the Articles of Incorporation is $275. Third, you will need to obtain an Employer Identification Number from the Internal Revenue Service. This is a nine-digit number given to your corporation to identify it for tax purposes. Fourth, you may need to obtain additional permits or licenses depending on the type of business you are running. Finally, you must obtain a corporate seal and register your corporation with the Massachusetts Department of Revenue. In Massachusetts, you must register with the Department of Revenue within 30 days of incorporation. Forming a corporation in Massachusetts is a multi-step process that requires some legal and financial considerations. It is best to contact an experienced attorney to help guide you through the process.

Related FAQs

What are the requirements for employee benefit plans?
What are the legal requirements for a merger or acquisition?
What is the role of a corporate lawyer?
What is the purpose of employment discrimination law?
What is the law of intellectual property?
What are the responsibilities of a corporate officer?
What are the steps required to register a business?
What are the different types of commercial transactions?
What is the difference between a trade secret and a patent?
What are the major types of business liabilities?

What is the process for forming a corporation?

Related FAQs

Related Blog Posts