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Commonly Asked Questions about Legal Forms for Incorporation

The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.
Incorporation is the way that a business entity known as a corporation is formally organized and officially brought into existence. The process of incorporation involves writing up a document known as the articles of incorporation and enumerating the firms shareholders.
Definition 1. Legal form identifies the legal status of a legal person. The classification of legal forms is based on the company forms of the Trade Register and on the requirements of taxation legislation. The legal forms of enterprises and corporations are recorded in the Business Information System.
A corporation, sometimes called a C corp, is a legal entity thats separate from its owners. Corporations can make a profit, be taxed, and can be held legally liable. Corporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures.
The three major forms of business in the United States are sole proprietorships, partnerships, and corporations. Each form has implications for how individuals are taxed and resources are managed and deployed.
Complete and file the Certificate of Incorporation with the Department of State. The completed Certificate of Incorporation, together with the statutory filing fee of $125, should be forwarded to: New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.
The most common forms of legal structure are the sole proprietorship, the partnership, and the corporation. An LLC is a relatively new business structure. When deciding on a legal structure, every small business owner must consider several important factors before making the choice.