Online Incorporation MaxBlog

If you will be conducting business outside your state of incorporation, you must apply for and receive foreign qualification from each state your business will operate in.

A new article, What is Foreign Qualification? , posted in the Knowledge Center at MaxFilings provides a good overview of the process of applying for foreign qualification.

The foreign qualification process involves paying filing fees and submitting the proper paperwork, which includes:

• A name availability search
• Appointment of a registered agent
• Certificate of Authority registration

Read the article for a good overview of foreign qualification and who needs it. It’s easy to file for foreign qualification online at MaxFilings.

MaxFilings now has available the Business Forms CD, which contains over 50 customizable forms that virtually every business needs. Now, whether you are starting a new business or trying to instill more administrative order in your current one, having easy access to a wide variety of business forms will be a tremendous convenience.

The CD includes 26 common business forms that provide an outline for hiring employess, collecting payments, and other common legal documents used in business such as a contractor agreement and power of attorney.

All forms are formatted in Microsoft Word and can easily be manipulated specifically for your business.

The Business Forms CD also includes 24 additional forms specific to corporations such as a proxy, stock purchase agreement, and certificate of corporate vote to name a few.

Along with online incorporation and business services, the Business Forms CD available now at MaxFilings is an additional tool in helping you effectively manage your company.

A foreign company is not one from another country but rather a business operating in another state. Foreign qualification, available online at MaxFilings, is the process by which a company becomes qualified to conduct business in another state besides the one it is based in. This is especially common among larger companies.

The first part of this process involves a name availability search that must be conducted in each state the company will be doing business in to ensure the name is not being used by another foreign or domestic corporation/LLC. If there is a duplicate or one too similar, an assumed name must be used in that state.

Next, a registered agent in the other state needs to be selected to serve as the company’s in-state liaison. Then, you must register for a Certificate of Authority in that state. The company must be in good standing in its home state so be sure annual statements are filed and the proper fees and taxes are paid.

Avoid the hassle and let MaxFilings take care of all your foreign qualification and registered agent needs. Each state has different requirements and processing times, which can be expedited for a fee. And with easy online ordering, you can save your work and return later to finish.

Considering Incorporation in Delware? Think Delaware South and Delaware West

Delaware incorporation has long enjoyed a reputation as the choice for many businesses, but that is changing as other states make efforts to foster a business-friendly environment for incorporation, says a new article released by MaxFilings Online Incorporation Service.

The Delaware incorporation article looks at points that businesses should consider when deciding where to incorporate, helping you compare and contrast incorporation in Delaware, Nevada and Florida.

You may also be interested to learn when none of these states may be the best choice for incorporation. Check out the article here: Where to Incorporate: The 3-Man Fight between Delaware, Delaware West and Delaware South

By Jawwad Farid

Yes to have a pot of money simplifies life and removes a number of complications, but is that the right short term goal? The amount of time that you spend searching for venture capital, may be better utilized working with customers, building a product, figuring out how to get to revenues and getting your business closer to your next big productive milestone.

I say this because I have two different experiences. My first involved spending more than two years looking for elusive VC cash, ignoring real customers who could have supported and carried the business further. End result – death by business plan rewrites and the search for a better valuation.

My second experience involved building a business from scratch with no VC funding at all. In the same amount of time it took the first one to fail, the second supported 12 employees and became cash flow positive from its 6th month. Today the businesses grosses 250,000 dollars in revenues in a country where the average per capita income is less 800 dollars a year. Yes it is small but it is ours.

If you run a small profitable business or would like to run one and are not the sharing kind, venture capital is not a good fit for your future plans. Venture capital is expensive risky debt with very onerous terms. The terms make sense when you have pre-established credibility, need to hit key milestones quickly, grow to a certain size inorganically, change the world in a short span of time AND are indifferent to who ends up with the business you have built with your hands.

I would take a look at what I want to achieve and if the four conditions mentioned above don’t apply, see if I can find some way of getting there without VC funding. It will be a slower, more painful journey but at least I will get somewhere.

Jawwad Ahmed Farid,

Desi Startup, Blue Screen of Death,

Alchemy

http://bluescreen.alchemya.com

http://alchemya.com/blog/DesiStartup/desi.html

http://alchemya.com

Article Source: http://EzineArticles.com/?expert=Jawwad_Farid