Incorporating My Business Do I Need an Attorney?
Do I need an attorney to incorporate my business?
Well it is usual for most people to instruct an attorney when setting up a new business, it can be daunting and a stressful time dealing with the paperwork involved with forming a corporation, hiring an attorney does alleviate this part for you.
However the actual process of incorporation does not require you to hire an attorney.
There is another option you can choose, which is to complete the documents yourself, now you can get them from a variety of sources for example; stationers or corporate service companies. This saves on costly attorney fees at a time when you require your cash flow for your business.
However, there is a half way house, you can get legal documents online which are completed by a company that have attorney experience but at a fraction of the cost.
The way an online legal document company works is they will ask you a series of questions and will contact you by phone to have a consultation with you. To incorporate a business you need to have a clear idea of what terms you want your business to abide by and the parameters of your want the members.
Articles of Incorporation are a set of terms for the business concerning the name, members who will be in charge of the day to day running of the corporation, how many (if any) stocks will be issued and possibly what reason the corporation was formed.
Some of the online legal document business will draft your first Board of Directors minutes and resolutions, which will guide you through your first meeting as a director of a corporation.
Keep the invoice for this expense as it is tax deductible.
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