If you are unsure what structure is best, review the advantages and disadvantages of the U.S. Small Business Administration website. If you have determined that a corporation is the best structure for your business, here is a review of some of the benefits of forming a corporation – follow these seven steps to becoming incorporated. You should always consult an accountant and/or an attorney if you have questions about the process. Once you create a business name, you should check with your state’s corporate filing office as well as federal and state trademark registrars to see if it’s available. It’s also a good idea to come up with an alternate name in case your first choice is not available. Some factors to consider when choosing a state for incorporation include the cost to incorporate, taxation and corporate laws. You have the option of filing the paperwork yourself, through your attorney or by using a third-party service. You should choose the option that you are most comfortable with and the one that works within your budget. Choosing the structure of your business is not an easy or small decision to make. Make sure you take the time necessary to gather all of the information you need to make an informed decision.
