In 2007, Safe Shield completed a comprehensive compliance solution program to keep businesses and nonprofits compliant with corporate requirements. Our mission is to ensure that no business, regardless of size or tenure, slips into bad standing with the government, or its shareholders, simply because the owners are too busy to keep up with the paperwork.
One critical way for businesses to maintain compliance, and avoid prosecution or fees from the government, is to seek legal liability protection through company formation. This type of protection essentially separates the business from the business owner(s), ensuring all liabilities and obligations are the responsibility of the business entity and not the business owner(s).
Company formation is the process by which a business legally becomes a separate legal entity (also known as incorporation). Incorporation has many advantages including:
Many people mistakenly think company formation is the first step in business development, when it actually falls closer to the middle. Before your company is ready to go through formation, owners must first complete:
In order to legally become a business outside of a sole proprietorship or general partnership, a corporation or LLC must be created with the state. Although each state has its own specific requirements and regulations, they all will require an Article of Incorporation. This document (also known as the certificate of incorporation) gives the state all of the important information about your new business. It will include the company name, business purpose, registered agent, incorporator, and the number of authorized shares of stock, share per value, preferred shares, and the address.
We encourage you to learn more about what we provide within our Business Formation System, or schedule a phone call with one of our experts.