Although forming a corporation can be a challenging task, it can also be rewarding with careful planning and attention to detail. Limited liability, the capacity to raise capital through the sale of stock, and the possibility of tax savings are just a few advantages that corporations can provide. There are, nevertheless, a few crucial actions to think about before forming a corporation.
You must first decide on a name for your corporation. The name must be original and unregistered with another business. By conducting a search on the Corporations Division website of the Massachusetts Secretary of State, you can determine whether the name you have in mind is available.
The Massachusetts Secretary of State’s office must then receive your articles of incorporation. These records include the first directors’ and officers’ names and addresses, as well as information on your corporation’s goals and organizational structure. Contacting the Corporations Division will provide you a copy of your articles of incorporation.
As soon as your corporation is established, you must get the relevant licenses and permits. This could include a company license and any licenses required by particular industries, such a liquor license or a health department permission. Finally, you must convene the board of directors’ inaugural meeting and adopt your corporation’s bylaws. The ways in which directors are chosen, meetings are run, and earnings are dispersed are all outlined in the bylaws of a company.
In Massachusetts, trusts are typically not considered public records and are instead regarded as private documents. However, some trusts, including charity trusts, could need to register with the Attorney General’s office and might even be forced to make their information public.
In Massachusetts, you can check the property records kept by the regional county registration of deeds to find out who the owner of a given property is. These documents will reveal the property’s present owner and any liens or other encumbrances that may be attached to it.
You can get in touch with the Corporations Division of the Secretary of State’s office to get a copy of your articles of incorporation in Massachusetts. You can also ask for a copy of your certificate of incorporation, which serves as proof that your business is legitimate in the eyes of the law.
In Massachusetts, you can conduct a search of the data kept by the Corporations Division to learn who owns an LLC. These documents will contain details about the LLC’s members as well as any registered agents or managers. The owner’s name might not appear in the public record if the LLC has just one member.