Incorporating a company *PLEASE HELP*

Discussion in 'After Hours Lounge (Off Topic)' started by Gregg Shiu, Oct 24, 2003.

  1. Gregg Shiu

    Gregg Shiu Second Unit

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    Hey, does anyone know the steps/requirements to go about incorporating a company? If anyone knows and is from the DC metropolitan area, where is the agency or institution around here where one would go to here? Any info or links would be extremely helpful and greatly appreciated.
     
  2. Benny G

    Benny G Second Unit

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    Oh, yes!! I had to find this out for a class earlier this semester. It's really quite simple. Well, it's simple, but I can't remember the exact requirements.

    Here's what I recall:

    1) The company name must include one of the following words: Corporation, Company, Incorporated, or Limited. The name cannot include the words: Bank, Industrial Bank, Deposit, Surety, Security, Trust, or Trust Company.

    2) You need to draft "Articles of Incorporation" for your company. They talk about the name, business description, shares, incorporators, detc...#1 as above is actually part of this.

    3) Submission form and fee.

    Those are for Michigan..but Washington DC is likely similar. You should be able to find the exact descriptions and requirements online somewhere. Try the official Washington DC website..it's sure to be there.
     
  3. Don Black

    Don Black Screenwriter

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    Gregg,

    Any attorney should be able to get you setup with Articles, Bylaws, Incorporation filings, etc. for about $300.

    You should do a trademark/company search yourself to make sure that your chosen name is valid. Don't have the lawyer do this since this is all profit.

    Good luck. It's really quite easy. I've incorporated 3 companies since I was 18.
     
  4. Chris Lockwood

    Chris Lockwood Producer

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    > Any attorney should be able to get you setup with Articles, Bylaws, Incorporation filings, etc. for about $300.

    Or you can do it yourself much cheaper. In some states you can do it easily online. No real need for a lawyer, unless you have more money than you need.
     
  5. Don Black

    Don Black Screenwriter

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    I wouldn't say that at all. The amount of time my lawyer saved me was well worth his fees.

    If you have more time than money, I suppose you could give it a shot and do it yourself. But unless your business is really small potatoes, an attorney's second pair of eyes, with respect to bylaws, etc., is worth the money for the security they provide in the event of a lawsuit.
     

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