A . Only one director is required in most states although you are allowed to have more. Some states use the number of shareholders in the corporation to determine the minimum number of directors. If the number of shareholders is three or more, then the corporation must have three directors. If the corporation has less than three shareholders, then the number of directors may equal the number of shareholders. States which have this rule include: AR, CA, HI, LA, ME, MD, MA, MO, NY, OH, UT, VT.

Generally, only one director and or officer has to be appointed with the Articles or Certificates of Incorporation. However, some states vary in these requirements, but usually require no more than three. Requirements for LLC's (Limited Liability Companies) vary by state.

Every corporation must have at least one (1) director. There is no fixed maximum as to the number of directors that a private corporation must have at any given time. Nevertheless, the number of directors that a corporation decides to have must be indicated in its Articles of Incorporation by either specifying an exact number or a variable number (i.e., a minimum and a maximum) of directors.

No. An attorney is not a legal requirement of forming a corporation. However, certain knowledge is necessary in order to properly file the required documentation in the designated state of incorporation. You can use Nationwide Incorporating Services' guaranteed services to form your corporation, and save a substantial amount of money. However, if you need legal or financial advice pertaining to your corporation, consult your attorney or financial advisor.

Yes, one person (U.S. or foreign) can incorporate a Corporation in Delaware. One person (U.S. or foreign) can also form an LLC in Delaware. Go Back to the Top of the Page

Let's say you are a doctor and your trusted advisor suggests an S corporation. He charters a corporation and then turns it into an S. Congratulations! You have won the battle but possibly lost the war! Contact us to learn why.

Officer changes are made by filing a corporation annual registration. The registration may be filed, and changes made, online at https://corp.sos.state.ga.us/business/annualreport. The fee for filing a registration and making changes is $30. Georgia law regarding limited liability companies requires only the listing of the registered agent; thus, officers for LLCs are not listed and there is no procedure to "change" them by filing with the Secretary of State.

S corporations are companies (typically with 75 or fewer shareholders) allowed by the Internal Revenue Service (IRS) to have the benefits of incorporation, but function as if they were partnerships. An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S corporation. An S corporation generally is exempt from federal income tax.

C and S corporations are filed with the IRS. The state of Georgia does not keep a record of this information. For more information on C and S Corporations, please contact the IRS at 1-800-829-1040 or visit their website at www.irs.gov.

Yes, a foreign person or Corporation can form and be the owner of a Delaware Corporation or LLC. Go Back to the Top of the Page

All states allow a corporation to have one shareholder. Most states allow an LLC to have only one member.

Documents are submitted to the IRS for clarification of “S” status. Questions should be addressed to your legal, business, or tax advisor(s) or the IRS.

Yes. With very few exceptions, you need a Nevada business license even if you are not doing business within the State of Nevada.

While there is no official form to file, the company should send a letter to the IRS stating the following: Note that some states also have their own S-election forms, so you will need to check with them about their conversion policies. We suggest that if you are planning on converting your entity like this that you contact a lawyer or tax professional.

There are several steps required to legally create a corporation. The first is filing a short document called "articles of incorporation" with the corporations division of your state government. (Some states refer to this organizational document as a "certificate of incorporation," "articles of organization," a "certificate of formation" or a "charter.") To file this document, you'll have to pay a filing fee.

Many foreign individuals starting a business in Costa Rica or merely purchasing real estate for investment purposes decide to use a corporate entity as the owner of such. This decision is a very wise one, and it is what we highly recommend to our clients as the first choice to be followed.