What you need to know to form a corporation? – Bent Enterprise

What you need to know to form a corporation?


There are many different business and legal structures that you can follow for your business. But when you form a corporation you definitely stand to reap many benefits. While the process to form a corporation might be quite complex, you will want to know a few requirements before you start to form a corporation. Below are 10 such prerequisites to form a corporation.

Business name

When you are starting a business, you definitely want to have a suitable name to it, a name that will work as a favorable marketing tool as well. When you form a corporation though you need to take the state’s regulations. It means when you form a corporation you have to including certain words like “limited” or “corporation” or any such terms into the business name.

Is the name availablee

While you might have chosen a fairly interesting and relevant name when you form a corporation, it may have already been under use. As you form a corporation, you need to therefore make sure that the business name for your corporation is indeed available.


Name registration

A business owner can have a name when they form a corporation and a name for business. If you plan to have a fictitious name when you form a corporation, for business purposes, then you have to register the same as well.

Place of incorporation

There are certain benefits offered by certain states when you form a corporation within their borders. So despite having your majority of the operations in another state, you can choose to form a corporation in another state for the benefits it offers.


Choosing the directors

Article of incorporation


The By-laws

When you form a corporation, you need to create bylaws. This is a Document that clearly outlines the roles and responsibilities of every person or stake holder in the company.

Bank account

As you form a corporation, you need to open an account in its name.


Regulatory requirements

Every state has its own set of rules and regulations to be followed when you form a corporation. Knowing these and being in compliance of the state and federal requirements will help when you form a corporation.

Keeping minutes

It is highly commendable to hold a steadfast minute log on every meeting to ensure that there is no ambiguity at any point.