Company which decided to push through making the business a corporation has incorporating service steps to follow. These steps are provided so that every owner may be familiarized to the process of incorporating service. Such steps may be viewed as a guideline to incorporating service and everyone are expected to follow them.
First step to incorporating service is to decide a name for incorporation. The rules and regulations to incorporating service generally require the name of business which include the terms “corporation” (Corp.), limited (Ltd.), “incorporated” (Inc.), and “company” (Co.). The name of the business is truly and strictly important since it keeps their identity. Unique names of company helps in many ways. Like for instance a consumer would easily remember a catchy corporation name and this helps in increasing good will and popularity of the corporation. It is also important to have no same names for businesses since it will be confusing for customers and it can also complicate the legal documents which are submitted to the authorities. One way of verifying if the name has not been used already is to make inquiries to the specific agency or bureau for incorporating service which has the database of the given names.
The next step to follow in incorporating service is to make the legal and official documentation which is known as the “Certificate of Incorporation”. This is a legal certificate of formation of business under the rules and regulation of the law. It includes the information about the company and its resources.
Knowing and understanding these two major steps in incorporating service,makes the whole process easier and bearable. A lot of us often complain against paper works and processes because of different factors and variables that affects it. This is because we just tend to proceed and go on without even familiarizing with the steps to follow and we just hope it will come to us along the way.
