Wednesday, November 22, 2006

Legal Info to Help Start Your Own Corporation

If you've ever thought of starting your own business, you know there are a ton of things to consider. It can be very intimidating. When Kevin started Shameless Creations, we really didn't know who to talk to about it without racking up a bunch of legal fees. And, let's face it, when you're starting a new business, you usually don't have a lot of extra money lying around. If you did, you'd want to put it into the business, of course!

One of the most confusing things to decipher can be to figure how to legally classify your new business. If you're looking to incorporate, you need to know the difference between INC and LLC. The previous link explains the difference in their handy FAQ. They also discuss the difference between a "C" and an "S" Corporation, the drawbacks to being an "S" corporation, and the difference between an "S" corporation and an LLC. Quite frankly, it's enough letters to make my head spin, but it's great to have a resource that gets it all organized for me.

Now, here's where it can get even trickier. The laws in each state are different. offers incorporation in all 50 states. Talk about a handy reference and service.


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