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Paper goods are a booming industry. In fact, according to the U.S. Census Bureau, paper and allied products were worth $174 billion in 2017 alone. That’s why it makes sense for you to start your own paper goods business! However, since you’re going into business for yourself, it’s important that you know the ins and outs of what it takes to form a C-corporation for paper goods so that you can make sure everything is done correctly from day one—and throughout your entire business career.
The name of your corporation must be distinguishable from other names. It can’t share a name with another corporation or LLC in the same state, or it can’t be confusing or misleading to customers.
You will also need to make sure that your corporate name does not:
There are five types of businesses that can be formed as a C-corporation:
When you form a corporation, one of the first things that you must do is to decide how many shares of stock will be available and at what price. You also need to decide on the par value of each share.
The number of shares issued should equal the amount of money needed for investment in your business venture. If this is not enough money, consider raising additional funds by issuing more stock or increasing the par value per share.
When you file your articles of incorporation, you need to include the name of your corporation and all of its officers. You’ll also have to specify a registered agent who can receive legal papers on behalf of the corporation if necessary. Your articles should include information about how the stock will be issued and transferred, as well as other details about how you’d like things organized for tax purposes and internal control. Most states require that corporations provide an address where they’re able to receive mail as part of their paperwork; this may seem unnecessary now, but it’ll come in handy later when it’s time to file taxes or pay fees that aren’t due at your business location.
Once filed with the Secretary of State, all businesses must pay an initial fee before they can begin doing business under their chosen name. In some states, this fee is relatively low—$50 or less—but in others, it can cost hundreds or even thousands per year depending on how many different types of businesses are incorporated there. The good news is that most states offer standard forms for filing with them; once completed correctly these will automatically generate every form required for registering with each state agency needed during setup!
Before you can hold an organizational meeting, you need to be sure that all the necessary people are there. This includes anyone who will be recorded as a director, officer, or shareholder in your corporation, as well as any other individuals who want to be involved with the organization. The purpose of this meeting is to discuss and decide upon important issues like how much money should be invested into starting the company, what type of business model you’re going for, and whether or not it’s legal for your corporation to provide services outside of its immediate geographical region.
Corporate bylaws are internal rules governing how a company operates. They help establish governance structures and processes within the organization, such as who can vote on certain matters and how often shareholder meetings will be held. As with many corporate documents, these are not filed with any government agency; however, they should be kept in corporate books for reference purposes at all times during your business’ lifespan so that everyone involved with its management knows what their responsibilities are at any given time—and what restrictions apply when these responsibilities need to be taken on by someone else later down line due to unforeseen circumstances.
The process of forming a C-corporation is fairly straightforward and can be done by anyone. It will take some time to get everything set up, but once you have all the required documents, it should only take a few hours to complete the process in most states. In order to make sure that your business is successful, however, it is important that you do your research before choosing which type of corporation best fits your needs as well as understand what requirements may apply depending on where they live or operate within USA.
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Register Your Trademark with USPTO Today & Get Serial No. in 24 Hours