(7 Simple Steps)
To secure and register your brand name it must be unique, not too similar to another registered name, and shouldn’t contain any restricted wording. To check, conduct a Business Entity Search through the state and if there are potential trademark issues conduct another quick search using the TESS System through the U.S. Patent Office.
Keep in mind your brand name should contain the words ‘Corporation,’ ‘Company,’ ‘Incorporated,’ or ‘Limited.” Abbreviations for these words are also acceptable. If needed, file an Application for Exclusive Use of Corporate Name form to reserve the name for 120 days.
Filing fee: $20
An Indiana Registered Agent. is an individual or recognized/registered business entity in the state with a physical street address (typically non-P.O. Box) responsible for receiving and helping to handle/process all official documents like state filings, legal notices, important tax forms, etc.
Now that you’ve got your registered agent, to make your corporation an official by filing Articles of Incorporation with the Sec. of State. This discloses:
Filing fee: $90
Think of this as the hard copy record book where all critical corporate documents are kept like the Articles of Incorporation, Bylaws, meeting minutes, stock certificate ledger, stock certificates, stock certificate stubs, stock transfer documents, etc. It’s the ultimate company binder! They’re very common and while not necessary having one is highly recommended for all serious business entities.
Appoint at least 1 director who among other things will oversee the corporation until the first shareholder meeting where new directors will be voted in. Prepare an “Incorporator Statement” with complete names and addresses of each director and keep it in your records book. Once elected, an initial meeting should:
Where you choose to bank is no small matter when we’re talking about a corporation. Often startups and solopreneurs just use personal accounts, but that’s not going to fly with a corporation. Instead you and your CFO, if you have appointed one, need to find the best bank or credit union to handle the business banking services you’ll need to grow.
Look at different fee-structures, perks, incentives, and overall costs and savings and think ahead! You could start with a smaller bank for better deals, then switch to a much larger bank when your volume demands it. To get started, check out this quick breakdown of Business Checking Accounts.
To ensure that you don’t face penalties, fines, and fees when operating a business, you need to completely fulfill your regulatory requirements. To get started: