Posts tagged Incorporation

Filing articles of Incorporation for an LLC in Michigan.?

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Question : Filing articles of Incorporation for an LLC in Michigan.?
I am unsure of how to list my “purpose”, or if there are any legal, or licensing considerations. If I am forming an LLC in order to rehab homes for resale, or rent, can I just put that, or are there licenses, etc needed? I am also starting a staging, cleaning business, so may need to set up a 2nd company, unless I can list all activities under one LLC, then just keep separate books….Any words of wisdom out there?
home staging michigan

Best answer:

Answer by Feeling Mutual
Most states allow a business activity to be stated as “Any Lawful Business”.

You need to check the Michigan Business Corporations Act to see if that is legal in Michigan.

An LLC does not have articles of incorporation, I believe they use articles of organization.

Check some articles of other LLCs at the Michigan Secretary of State Web site to get a good idea.

Incorporation Service Receives Top 5-star rating from TopConsumerReviews.com

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TopConsumerReviews.com 2010 5-Star Award

Overland Park, KS (Vocus) 11 October 2010

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companies are legal entities with legal personality separate from its members. This has many advantages in terms of responsibility. Unfortunately, the real value of the installation can often be seen when a company faces a lawsuit or bankruptcy. For example, if a business is operated as a sole proprietorship, the owner is responsible for the company – and their personal assets can be used to pay debts of the company. On the other hand, the shareholders (owners) are not usually liable for the debts of a company. The overall benefits of the constitution of a company time and money for its implementation.

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TopConsumerReviews.com, LLC is a leading provider of independent reviews and rankings of hundreds of products and services to consumers. The debt management companies and security systems at home, divorce, and offers online payday loans, TopConsumerReviews.com depth reviews, thereby to facilitate purchasing decisions.

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Prequalification for a mortgage

What is the best state to form an incorporation. Should cost be the only issue?

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Question : What is the best state to form an incorporation. Should cost be the only issue?
Thinking about forming an incorporation for my publishing business. I have been thinking about incorporating in Louisiana, they have lowered the rate to only $ 60.00 and Texas cost is $ 300! a huge difference. I currently live in Houston, but also have roots in Louisiana. I do not have office space yet, but need to make a decision so I can move forward in many ways. Should I incorporate in Texas since this is where I am living for the time being or take the break and incorporate in LA? What would be my benefits?
houston office space

Best answer:

Answer by p229
Depends on what you’re after. Every state has it’s own set of rules and different states have different negotiated trade agreements with other states. Some states don’t share with others. Some of the historically favorable states to incorporate in have been Nevada and Maryland. But these are all for different reasons.

Three-hundred dollars is not a lot of money compared to the dollars you will likely spend in various taxes and other costs. Texas as far as I know is a pretty decent place to do business compared to California or Florida. I’ve had attorneys ask for as much as $ 3,000 to produce paperwork for incorporating in CA.

Furthermore, different states have different rules regarding where you conduct your business in relation to the state where you are incorporating. Check with both of the state taxation agencies to see what is required of their corporations. Then pay special attention to costs of various taxes that will affect your business ongoing.

As for TX vs. LA… I rode out Rita in the Brazos Valley, better than in the bayou… just my opinion. Good luck with your business!

I am starting a Mortgage Brokerage firm. What are the neceasry tools I need aside from incorporation etc?

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Question : I am starting a Mortgage Brokerage firm. What are the neceasry tools I need aside from incorporation etc?

mortgage tools

Best answer:

Answer by Tom Z
Lots of Guts

Missouri, Kansas and Texas Railway Company ( in Texas ) and Its Auxiliary Lines. Charters, Acts of Incorporation, Mortgages, Contracts, Etc

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Publisher: Houston : A.C. Gray Publication date: 1889 Subjects: Railroads — Texas Notes: This is an OCR reprint. There may be numerous typos or missing text. There are no illustrations or indexes. When you buy the General Books edition of this book you get free trial access to Million-Books.com where you can select from more than a million books for free. You can also preview the book there.

List Price: $ 43.15

Price: $ 43.15

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