How do I create a simple corporation?
That's it. I want to make my houshold a corporation, how do I do this?
Answers: What will be the source of revenue? Corporations are expected to show revenue after a period of time, or the IRS will consider them shell or front type entities.
Rules oscillate from state to state, but in general, you enjoy to make the application, show that you have corporate bylaws and a board that will gather round on a regular basis. You also have to identify the instigation and ending point for your fiscal year.
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Answers: What will be the source of revenue? Corporations are expected to show revenue after a period of time, or the IRS will consider them shell or front type entities.
Rules oscillate from state to state, but in general, you enjoy to make the application, show that you have corporate bylaws and a board that will gather round on a regular basis. You also have to identify the instigation and ending point for your fiscal year.