Starting a corporation

Discussion in 'Legal Issues' started by andr8272, Apr 4, 2008.

  1. #1
    We are starting a business opportunity company and want to have different opportunities to choose from under one parent company. Is there a way to corporate or set things up where each opportunity is protected seperately under the parent company? The issue is having to register in every state which is expensive if we have to do it for each opportunity is incorporated.

    Any suggestions?
     
    andr8272, Apr 4, 2008 IP
  2. browntwn

    browntwn Illustrious Member

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    #2
    A corporation formed in one state can simply register in other states to conduct business in those states. You do not need to form a corporation for each state you seek to do business in.

    I am not sure if that is exactly what you were asking, as you question is pretty confusing.
     
    browntwn, Apr 4, 2008 IP
  3. slinky

    slinky Banned

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    #3
    Protection for a business as a corporation works because the corporation is seen as a "separate legal entity" or a person. It's like someone else owns the business and you just work there. There is no way to completely insulate yourself in the way you suggest. If there were, people would be granted protection for an indefinite number of scams and the cost of protection helps prevent fraud. There may be other ways to run your business but you'll need to consult with a lawyer for that and it probably can't be done easily in a forum.
     
    slinky, Apr 4, 2008 IP