INTERNET MARKETING

INTERNET MARKETING

INTERNET MARKETING

 

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WHAT IS REQUIRED TO FILE INC PAPERS

 

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What You Need To Know Before Filing

Business address - This is the address where you actually do business - it can not be a Post Office Box number.
Mailing address:  If you prefer to have your forms and correspondence mailed to an address other than you business address. This address can be a Post Office Box number.

Business organization type: This is based on your federal income tax classification (e.g., corporation, partnership, sole proprietor) and whether your business is a Limited Liability Company (LLC).

Description of the business:  What type of goods and/or service will be provided.

Personal information:  If an owner, officer, member, manager, shareholder, executor, or trustee is an individual, you must have their legal name and Social Security number (SSN). If an owner, officer, member, manager, shareholder, executor, or trustee is a business, you must have the legal name and FEIN.

Responsible party:  The name, address, and SSN of each person who will be responsible for filing returns and paying the tax due.
Federal Employer Identification Number (FEIN): If you are required to and have obtained your FEIN, please provide your FEIN in your registration or contact us when you receive it.

Stocks

The number and type of stocks (or Shares) that will be issued: 

 

Common Stock:

 

Common shares represent ownership in a company and a claim (dividends) on a portion of profits. Dividend is not guaranteed with Common Stock.  Investors get one vote per share to elect the board members, who oversee the major decisions made by management. Common stocks entail the most risk. If a company goes bankrupt and liquidates, the common shareholders will not receive money until the creditors, bondholders and preferred shareholders are paid.

 

Preferred Stock:
 

Preferred Stock represents some degree of ownership in a company but usually doesn't come with the same voting rights. With preferred Stock, investors are usually guaranteed a fixed dividend forever.  Another advantage is that in the event of liquidation, Preferred shareholders are paid off before the Common shareholder (but still after debt holders). Preferred stock may also be callable, meaning that the company has the option to purchase the shares from shareholders at anytime for any reason (usually for a premium).

 

Different Classes of Stock:

 
Common and preferred are the two main forms of stock; however, it's also possible for companies to customize different classes of stock in any way they want. The most common reason for this is the company wanting the voting power to remain with a certain group; therefore, different classes of shares are given different voting rights. For example, one class of shares would be held by a select group who are given ten votes per share while a second class would be issued to the majority of investors who are given   one vote per share.  When there is more than one class of stock, the classes are traditionally designated as Class A and Class B.

How Do You Value The Stock

The value of each stock:  As the owner and incorporator you set the initial value of each Stock.

It is usually based on the value of the company at the time, i.e. based on the value of all assets assigned to the company at the time you're registering it.

Hence it value of the assets divided by the number of shares you want to have.

  

 

 

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