Start a Corporation. A Solid Foundation for Growth.
You don’t need a corporation to be a legitimate business. However, if you want to build a scalable business, there is no better foundation.
What is a Corporation?
For centuries, ambitious entrepreneurs like you have used corporations as a tool to build an enduring business and to manage risks. A corporation protects the owners from the business’s liabilities. Liabilities include a lawsuit, a tax problem, or a debt. How do you create a corporation that protects you?
3 Things you need for a strong Corporation
Corporate Registration
Bylaws
Observe Corporate Formalities
Understanding the 3 steps to a strong Corporation
1. Registering your Corporation
Our attorney Matthew Nuzum said, “A monkey could do it.” Anyone can register a business. So what is a corporate registration? When you file (or “register”) your business as a corporation with the state, the government recognizes your business. That makes it easier for you if you end up in court or if you want to apply for government-run assistance, etc. To register, you must submit your business’s articles of incorporation (some states help you create this document if you fill out their form). Articles of incorporation list details about your business: owner/s, registered agent, name, address, etc. Corporate registration is only $50 with the state of Iowa and $300 in Texas. In addition, you can find Iowa corporate formation instructions listed in Act 490 on the Secretary of State Website and Texas corporation formation instructions in Chapter 101 of the Texas Business Organizations Code. Once your business is registered, the state and the world know that your business exists! If you don’t want to worry about registering your own corporation, Surge Business Law offers this service as a part of both our advanced Launch 360 Plan and our flat fee advanced option under “New Business Formation” on our pricing page. We register corporations for businesses all the time, and we would love to help you get your Iowa or Texas corporation registered too.
2. Write your Bylaws
The bylaws are a legal document that define how your corporation will be managed. Since the government views your business as its own entity – like a person – you need to treat it as it’s own entity. The bylaws explain how you will interact. They should be customized to give you the most protection. When you work with Surge, we’ll help you understand how to form a strong agreement that covers the details.
3. Observe Corporate Formalities
Although it sounds like an intimidating legal phrase, it’s boils down to treating your business like it’s own entity. Corporate Formalities are rules that you follow to keep your business strong. Here are some examples of Corporate Formalities: You have a business bank account separate from your personal bank account. You sign contracts the right way, otherwise you as you might be personally liable. We also want the businesses to deal with their own liabilities with the appropriate insurance. Businesses should be covered under business insurance and not under the owner’s personal insurance policy. (Note: We help refer people to the appropriate insurance companies.) Also, you avoid committing fraud, which unfortunately, can can be done unintentionally. It doesn’t have to be hard. We give you clear and simple steps to ensure you observe corporate formalities
Start a Corporation with Surge
Don’t take our word for it. Hear what others have to say!
Can’t afford a full payment?
We making it easy. If you can’t afford a full payment, we offer the Launch 360 Plan. In addition to $360/mo for 5 months, it gives you advice and resources for a strong start.
SEe Launch 360 Pricing
“Why would I pay Surge When I could do it Myself? I can file my own Corporation.”
Great question! You can file your own corporation with the state, but you won’t get the other parts that make up a strong corporation, like a bylaws customization and corporate formality assistance. All of our business formation packages include:
- A standard document guide packed with startup info
- Corporate registration with the state
- Customized bylaws
- Help to observe corporate formalities
- Setup with the IRS for an EIN tax ID
- Legal and business advice
You can trust our advice and services because…
We’re experienced. And more than that, we’re experienced in a business you want to start. We’ve started and served them before. Second, we’re credible because we’re a law firm. Matthew Nuzum, our owner, is not only a lawyer, he has owned multiple businesses, and he’s from a family of business owners. Matthew has also studied why businesses fail so that he can help you avoid these common problems.
Benefits of using our service
- You get our focus on small business risks – We know your business risks intimately and can help you prepare for them before a problem happens.
- You get clear and simple pricing – This is powerful! You know upfront what you will be spending and have the option of payments with the Launch 360 Plan.
- You get our specialization in starting new businesses – We only do one thing – serve small and growing businesses. Since you have our undivided attention, you will have peace of mind knowing that the advice and services we offer are reliable. We’ll help you surge your business’s success faster!
Frequently
Asked
Questions
Do you have another question? Contact us! We want to help you protect your business started.
Call To Schedule: 515-994-0404
Schedule a meeting to Learn more
Resources
Downloadable
FREE Business Starting Guide
Our business plan helps you get clear on where to start with financials first so that you manage risks, enjoy your job, and keep the doors open for years to come.
Our Team helps you
Start a Strong Corporation today!
If you want to start a business that protects your personal assets, is prepared for risks, and positions you for long-term success, schedule a free meeting with an expert on the Surge team today.
