How to form an 'inc'

Discussion in 'General Business' started by chiouegi, Nov 11, 2007.

  1. #1
    Aright, i own a LTD company here in Glasgow, im wondering how possible is it to register an INC

    for example:

    Google inc
    DeviantART inc

    Thanks
     
    chiouegi, Nov 11, 2007 IP
  2. frankcow

    frankcow Well-Known Member

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    #2
    You have to incorporate. Talk to your accountant
     
    frankcow, Nov 11, 2007 IP
  3. chiouegi

    chiouegi Banned

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    #3
    Thanks Frank. I have seen this website, http://www.corporate.com which says i can get it online for $500+ but i dont see anywhere where i can buy it.

    Does any one know any websites? Thanks
     
    chiouegi, Nov 11, 2007 IP
  4. DanapC

    DanapC Peon

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    #4
    There are steps you'll have to take to change the company to a corporation and fees. When my husband did it here in Canada it was about $1k and done by a lawyer.
     
    DanapC, Nov 11, 2007 IP
  5. chiouegi

    chiouegi Banned

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    #5
    im based in Scotland, UK but i have a small office in New York so i can register it in America, im wondering if there is any online way i can do it. $1k is fine its just actually getting done which is the problem
     
    chiouegi, Nov 11, 2007 IP
  6. kingjacob

    kingjacob Peon

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    #6
    The website you listed corporate.com has an online form
    though I would recommend spending the extra money and doing it through a lawyer.
     
    kingjacob, Nov 11, 2007 IP
  7. primeelite

    primeelite Peon

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    #7
    primeelite, Nov 11, 2007 IP
  8. chiouegi

    chiouegi Banned

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    #8

    Your a legend! Enough said. Just sorted it all out, waiting for an email from them
     
    chiouegi, Nov 11, 2007 IP
  9. soccerfriend

    soccerfriend Well-Known Member

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    #9
    legalzoom is pretty good.. though it is not as cheap as they say there are some hidden fees there.. but sitll cheap in comparison with hiring a lawyer or accountant
     
    soccerfriend, Nov 11, 2007 IP
  10. john_80

    john_80 Well-Known Member

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    #10
    I have a question... what for ppl like chiouegi are doing this ?
    Is there any hiden profit ? it is easier someway?

    chiouegi you can also answer :p

    Thanks
     
    john_80, Nov 11, 2007 IP
  11. NinjaTickets

    NinjaTickets Guest

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    #11
    Incorporating itself is easy, but there are other things to consider such as where you want to incorporate (Delaware, Nevada) and your board of advisers. There are some legal nuances you have to abide by to remain in good standing...Talk to a lawyer.
     
    NinjaTickets, Nov 11, 2007 IP
  12. jpatton

    jpatton Peon

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    #12
    Heard good things about legalzoom but I have never used them. Hopefully after the first of the year I will move from a sole to and LLC

    John
     
    jpatton, Nov 11, 2007 IP
  13. Incorporating

    Incorporating Peon

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    #13
    In my sig there is some useful info.
    Hope it helps,
    Good Luck
     
    Incorporating, Nov 11, 2007 IP
  14. chiouegi

    chiouegi Banned

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    #14
    Well my offices are moving from Glasgow to Silicon Valley in March of next year, its currently a Scottish LTD company, it would be more hassle going over to Mountain view, CA and setting up a LLC and then having 2 companys but doing exactly the same thing in USA/UK so Companyname, Inc (Dont want too spam/advertise) Also, all the big companys in the valley are incs :D Yahoo, Google, Apple ect.. It looks a little bit better on the TechCrunch Company index. :D

    On "Incorporating"'s link

    No Corporate Income Tax
    No Franchise Tax
    No Personal Income Tax
    No IRS Information Sharing Agreement
    Nominal Annual Fees
    Minimal Reporting and Disclosure Requirements
    Stockholders are not Public Record.

    these are things we are also looking forward too
     
    chiouegi, Nov 14, 2007 IP
  15. soccerfriend

    soccerfriend Well-Known Member

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    #15
    if you in Glasgow (Scotland) then you do not have "inc" but you have "Ltd" - limited

    anyway if you have questions about incorporation in the US check out LLC vs S-Corporation
     
    soccerfriend, Nov 18, 2007 IP
  16. eruct

    eruct Well-Known Member

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    #16
    If you are as big of a company as it seems and you are moving offices to the US in the near future I would highly recommend getting a lawyer and getting it done right. Not that online solutions aren't possible it just seems that you have a lot to lose and you might as well spend a little more upfront to make sure that it is done right.
     
    eruct, Nov 18, 2007 IP
  17. argothiusz

    argothiusz Well-Known Member

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    #17
    Incorporate = double the tax
    The corporation tax and your own tax however you are limited to the liability of the corporation and can split the liquidate of the corporation in case of unfortunate event.
     
    argothiusz, Nov 19, 2007 IP