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Essay

Forming a Corporation

Essay specific features

 

Issue:

Business

 

Written by:

Steven S

 

Date added:

October 28, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 765

 

Was viewed:

8303 times

 

Rating of current essay:

 
Essay content:

There are many steps that are required, making it more difficult when compared to forming sole proprietorships and partnerships. I had to secure the proper formation documents, called the articles of incorporation. After that, I had to register those documents with the State of California Secretary’s Office and pay hundreds of dollars in filing fees...
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I could not have even started all this without the help of my accountant and attorney (more costs!). After the corporation was created at the state level, I then had to file the Form 2553 with the IRS and elect the S corporation status. It was a fairly long process, which took over 2 months to complete...
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