Corporations

Corporate Name Endings

• The name must not be likely to mislead the public, be the same as, or resemble so closely as to lead to deception, the name of a domestic or qualified foreign corporation, a name under reservation, the registered or assumed name of a foreign corporation. The name would need Superintendent of Bank's approval if it contained the words "bank" "trust" or "trustee".

Articles Of Incorporation Requirements

Director Information

• Minimum Number – Minimum number is three. However, if less than three shareholders, the number of directors may be less than three, but not less than the number of shareholders.
• Residence Requirements. – No provision.
• Age Requirements – None.
• Directors are not required to be listed in the articles of incorporation.

Officer Information

• The officers are not required to be listed in the articles of incorporation.

Stock Information

• An increase in shares or par value does not effect initial fees.

Yearly Requirements

Annual Statements

• Domestic corporations must file with secretary of state within 90 days after filing its articles or incorporation and annually by end of calendar month during which original articles of incorporation we filed a statement by domestic stock corporations. The cost is $25, and $20 for LLC.

Income Tax Rate

• The income tax rate is 8.84% of net income. Corporations must pay an annual minimum franchise tax of $800.

BASIC NON-PROFIT CORPORATION INFORMATION

Whether you like to setup a public charity corporation or private foundation, a church or any religious organization, we have the expertise and knowledge to help.

• We help setup a non-profit corporation
• We help to obtain federal tax-exempt status
• We help to obtain state tax-exempt status
• We also help to register with the Attorney General’s office when required
• We can help to maintain tax-exempt status by filing annual returns and reports