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The most important advantage of incorporation is that it gives its stockholders limited liability. Since the corporation is a separate legal entity, its stockholders are protected from the debts and liabilities of the corporation. This is because, in the eyes of the law, a corporation is a separate entity distinct from its shareholders. In contrast, sole proprietors have no limitation of liability, therefore their personal assets can be used to pay debts of the business. Some other advantages are: A corporation can easily established deductible employee benefits such as insurance and retirement plans, profit-sharing and stock options; Owners can retain anonymity; Capital can be raised through sale of stock. Additionally, the limited liability granted through incorporation appeals to investors who are fearful of personal liability; Ownership of a corporation is easily sold or transferred through sale or transfer of stock. Tax Advantages A corporation has unlimited life. If an owner dies or sells his interest, the corporation will continue to exist and do business. A corporation has centralized management, which may remain in place after sale of business. A corporation enjoys enhanced credibility to its customers and in the marketplace.

Yes. Shareholders are the owners of the corporation. If no stock shares are issued, then there are no legal owners of the corporation. Shares must be issued to those individuals who will be owners of the corporation. This is the case even if only one individual will own the corporation. In some circumstances, a corporation can sell shares of stock to investors in order to provide the corporation with its own capital. The sale of securities is heavily regulated by both the state and federal governments, and we recommend that you contact an attorney in your state of incorporation before issuing stock.

There is no minimum number of shares that must be authorized in the Articles of Incorporation, but the corporation may not sell more shares than it is authorized to issue. The number of authorized shares can be increased or decreased by filing an amendment to the Articles of Incorporation with the Secretary of State.

Filings with the Secretary of State can take from 1-2 days to 4-6 weeks. Although states do not guarantee processing times, they do offer expedited filing service or states that normally take longer.

There are many advantages to incorporation in California if your company is located in California and plans to do business there. California corporations avoid having to prepare forms and pay filing fees to qualify to do business in other states. The company will also avoid being potentially exposed to taxation in more than one state, as long as it conducts its business in California. Nevada Corporate Planners can help you to quickly and easily incorporate in all fifty states.