With the advanced technology that we have today, everything seems to be at our fingertips. We can just dial the phone for our pizza delivery, email a friend from the other side of the world, click on the mouse for our online needs, etc.
But how about forming a corporation online, can it be possibly done?
Corporation establishment simply refers to the creation of a new corporation in the manner set by the applicable laws in the state where such corporation is to be established. It may also either refer to the original creation of a new corporation or the reincorporation of one that has already existed, but whose personality ceased to carry on because it was terminated voluntary or involuntary.
The following are helpful tips of creating your own corporation?
- Establish legal structure
- Create an accounting system
- Register the business name
- Set up sound business processes
The normal course of incorporation entails a lot of paper works. It takes a lot of good faith to create one. But due to the advent of technology, even incorporation can be made possible through a click of the mouse. And you can start your business right away.
This is how online incorporation works:
- Five minutes to complete the process
- Prepare the necessary documents, submit to the state and monitor the filing
- Send state copies and complete order
It is of my humble opinion that despite the fast-paced world and the advanced technology, sometimes the traditional way of doing things is still the best and effective way. It is but a common knowledge that not every thing can be better accomplished or transacted through the net. There are times when personal interaction with the other person is advised.
This is because in your personal dealings with the other, you can test their sincerity and good faith which cannot be possibly determine in the web. Although, the law does not require that it be done personally by the incorporators.
Furthermore, establishing a corporation entails a lot of paperwork and good faith on the part of the applicant. In applying online, you cannot witness the immediate reaction of the other party. It is as if you are dealing with a mediator. And how can you be sure that you will not encounter any problems in the future?
