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GL Capital Trust
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PHONE:  561.453.1131|866.212.0343
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Is Your Business Properly Structured?

What  does it mean to incorporate?
Incorporating a business is turning your sole proprietorship or general partnership into a company legally recognized by your state of incorporation. When a company incorporates, it becomes its own legal business structure  set  apart from the individuals who founded the business. Through incorporation, the  company's owner or owners create a separate legal entity to transact business.  This new business entity corporation or limited liability company (LLC)  transforms the way the business is seen through the eyes of the law and often  has more credibility with potential customers, vendors and  employees.

How  does incorporation work?

Here are some of the steps included in the process of creating a C-corporation or S corporation or how to form an  LLC:
  1. Determine where you want to  incorporate.
  2. Decide which business type is best for your business and goals. Consult with an  attorney or accountant.
  3. Determine  who the directors of the corporation or who the members/managers of the  LLC will be.
  4. Select a registered agent. Your registered agent must be listed on your Articles  of Incorporation or Articles of Organization. The registered  agent is appointed by you to receive important legal and tax documents on  behalf of your business and forward them to you. BizFilings includes this  service in  all incorporation packages.
  5. Prepare  and file the Articles of Incorporation or Articles of Organization per instructions from the Secretary of State's office.
    BizFilings handles this step for you, allowing you to concentrate on running  your business.

The  Importance of Incorporating Your Business
Limited  liability is the primary benefit to business incorporation.  When you own a  small business, you will invest a lot of money into not only  getting it  launched, but in keeping it running smoothly as well. As the owner  you are  responsible for any debts and losses your business may accumulate along  the  way. However, when you incorporate, you are typically only held responsible  for the amount of money you personally invest. Your personal assets typically cannot be used to satisfy the debts and liabilities of your business. 

The 7 Corporate Structures

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    Contact us for More Information on how GL Capital Trust Can Help You Structure Your Business for Success.

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GL Capital Trust are not attorneys and therefore do not provide legal advice.  Information on this site is for informational purposes only based on our areas of knowledge and expertise.  No information on this site should be construed as legal advice or substitute information you should obtain from your attorney, accountant or other professional advisor.
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