USPTO Trademark Filing in Just $49
Register Your Trademark with USPTO Today & Get Serial No. in 24 Hours
Many people think that forming a C-corporation is difficult and time-consuming. But it doesn’t have to be! This guide will walk you through the steps of forming your own corporation and getting it up and running so that you can focus on doing what you love: making games or selling sporting goods.
Before deciding whether to form a C-corporation for your business, you should consider the advantages and disadvantages of doing so.
Advantages:
The name you select should be one that people can easily pronounce and spell, it might be difficult to fit on the cover of your game box.
Also, it should not resemble that of another company in any way, because this could cause confusion among customers and eventually lead to legal issues between the two businesses.
If you are planning on selling anything, especially food, liquor, or tobacco products, you’ll need to make sure your location has the appropriate licenses from your state to operate a retail store. If any of these products are being sold at the game, then you may also be required to have a license for those items as well. Contact your local health department or another relevant government department in order to find out if any special permits will be required.
Once you’ve identified which licenses and permits you’ll need in order to run an event business at your location, contact them directly and fill out all of their forms or applications so they can begin processing them on time—especially if there’s some kind of rush fee or expedited service available! This process can take anywhere from two weeks upwards though most common scenarios fall somewhere around three months’ worth of waiting time before getting everything approved correctly
A registered agent is a person that receives legal documents on behalf of the corporation. The registered agent must be a resident of the state where your C-corp was formed, so it’s important to choose one from within your area.
When selecting an office address for your C-corp, make sure that it’s clearly stated in all public documents—and in any advertising materials, you create for marketing purposes—that this is an address for official business purposes only and not intended for use by members or customers.
The next step is to write corporate bylaws that outline the rules of running the company. This should be done before you hold your first meeting of directors and shareholders. The bylaws are needed for a C-corporation but not required for an LLC or sole proprietorship because those structures don’t have boards of directors or shareholders to govern and vote on major decisions.
In general, these documents will define:
Once you’ve written up your document and made sure everyone agrees on its content and wording, hold your first board meeting!
Depending on the state you’re in, you may need to create a corporate seal. A corporate seal ensures that only authorized persons can sign legal documents on behalf of the company. This can help minimize legal risks and protect your business from fraud.
The first step to forming a C-corporation is filing Articles of Incorporation with the Secretary of State (or similar agency) in the state where you’ll be doing business, along with the required fee (which varies by state). At this point, all you’ll need to do is send in your paperwork and wait for the approval.
Once your company is incorporated, you’ll want to prepare by applying for an Employer Identification Number (EIN) from the IRS. This will allow you to open bank accounts and sign contracts on behalf of your company.
In order for your company to have an EIN, you’ll need to apply for one by filing Form SS-4. You can download the form from the IRS website or request one.
When applying for an EIN, you must have all of the following:
You can hire employees, buy equipment and open a bank account. If you’re currently operating as a sole proprietorship or partnership , you can now convert your LLC to a C-corp.
Congratulations! You’re now officially a C-corp. Well, the procedure is quite simple. however, if you need further assistance contact us right now!
Register Your Trademark & Get The Delivery of your USPTO Serial No. In 24 Hours
Register Your Trademark with USPTO Today & Get Serial No. in 24 Hours