Learn about the benefits of company incorporation from Rancho Cucamonga business consulting firm

Benefits of Company Incorporation in Rancho Cucamonga Area

If you’ve started your own business, you may be wondering about the benefits of company incorporation. When you incorporate your business, you are establishing a corporation that provides a legal separation between you (the owner) and the incorporated business. A corporation can accomplish many things that the owner can do, including owning property, establishing bank accounts, signing contracts, and filing lawsuits. Mr. Steve Whyte of Whyte & Associates has been assisting business owners with incorporation in the Rancho Cucamonga, CA area and would love to help you!

One of the primary reasons a business owner would incorporate is because it provides a limitation to the liability the owner is exposed to from business obligations. Since corporate ownerships is accomplished through shares that are easily transferrable, incorporation is a great idea if you are looking to attract outside investors or sell the business. If you are looking into incorporating your business, there are some key pieces of information you are going to need to start the process.

Your Business Name

Rules regarding business names are different from state to state, but there are some general guidelines you should follow, including:

  • You need to make sure that your business name is unique and no other business in your state currently uses the same name; many states have online search engines that will allow you to see if any other existing business uses the name you are wishing to incorporate
  • You must refrain from obscenities in your business name
  • You must avoid using the world “bank” (unless you are a financial institution)
  • You must end your business name with “Company,” “Incorporated,” or “Corporation” (or an abbreviation of any of those)

The Address of Your Business

The address of your business is simply where it receives mail. In most cases, a P.O. Box will suffice as an address.

Decision Makers’ Names

When your articles of incorporation are drafted, the names of decision makers for the business need to be listed. Two types of decision makers must be listed: directors and incorporators.

These are just a few pieces of information you’ll need before beginning the incorporation process. To find out everything that is needed to complete the process and to make sure you do everything correctly, please give Mr. Steve Whyte a call today at (909) 575-0080 to learn more about what is needed to fully incorporate your business.

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