Forums: Discussions for entrepreneurs and small business.

Quick question...I had been looking into the prepaid legal route for my legal needs...and I am wondering if anyone knows if I can use these types of services for my registered agent when I am filing for incorporation!?

-------------------------

Leah Tucker

Well there are company`s that offer you 6 months to 1 year Registered agent, depending on the package you choose. Got the Exec pack so it was there for a year but then you have to pay a fee every year. 

-------------------------

Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net

Is it expensive? Do you have anyone you would recommend!?

-------------------------

Leah Tucker

No it`s not that expensive, it`s about $200.00 a year. But if you incorporate and choose the economy pack I believe its called you get the works: you get your articles of Incorporation, your embosser with your corporate ID and Logo if you wish, you get Stock Certificates, and the Nolo Business Library which includes books  like forming a Corporation, and everything you are going to need to run your corporation.
Along with that they have whats called the compliance watch email, which they send to you so you can stay on top of your Corp. Oh the best thing they give you $50,000.00 in lawyer fees if your corporate veil is pierced..
The company is called: The company Corporation, check them out.
http://www.corporate.com

There are other company`s out tere like legalzoom, and file my business, but they don`t offer as much as the Company Corp..

Hope this helps you out..

 

-------------------------

Edgar Monroy
Web Developer / Owner / Consultant
When starting your own business the need to "know-how" is greater than money!
http://www.nuevolution.net

That is wonderful information! Thank you sooooo much for your help! I will definitely check them out!

-------------------------

Leah Tucker

Why don`t you become your own registered agent? As long as you have an address in which the corporation is registered then you don`t have to pay that extra out of pocket to have someone receive mail for you. I think its a waste of money. A registered agent just acts as a person to receive any legal notices, in case someone wants to sue your company. In which case you want to receive it in your own hands and then consult with a lawyer. What if that law firm recieves it and puts in the bottom of his pile? 

By the way I can incorporate your business instead of this Company Corporation. They charge for every little thing. Contact me if you have questions, I`d be happy to help you in forming a new corp.

Bianca,

I was checking out your website...I am in Oregon...and I am starting anon-profit...do the same rules apply!?

-------------------------

Leah Tucker

Paying someone else will certainly cost more than doing it yourself. If you are in Oregon, why not check with the secretary of  state in Oregon http://www.filinginoregon.com/

Bianca is right, you can be your own RA and pay no fees. you can file the corporation yourself and be in it about $50.

One advantage you have in doing it yourself, you can do the research to find out what options are available, and choose which are in your best interest. Using any Corporate Mill to simply mail a document for you is not worth it if they charge more than the $0.39 for a stamp.

As a general statement: When people recommend you talk to your accountant, or Attorney, let me add to that, you need to get real information from them, not just an out of hand opinion answer.

You need to know at what point their recommendation would change, if they recommend you stay as a sole proprietor, you need to know why they think that is better, is it because they don`t think you`ll be profitable, or because they assume you can`t do some paperwork?

Most recommendations are based upon false assumptions. When you get the recommendation and it is not the recommendation that ALL of the MOST successful businesses have received, ask them why? If they say double taxation, walk away, walk away fast.

this is getting far off topic. You say you want to be a non-Profit,  Do you mean Tax Exempt? if so, before you do anything or have someone else do anything that may break your chances of accomplishing that, you need to do the research start at www.irs.gov find out about 501 c  and download form 1023.

The IRS has specific details that you must include in your original filing of articles of incorporation.

Hope that helps.

Richard,

Thank you so much for the information! I have been endlessly reaing the IRS documents regarding 501(c)3...I also got to talk with TJ regarding this and he explained some of the differences between 501(c)3 and (c)4. I do have the applications for both state and federal filing...but I assumed (wow...here is where I should get a swift kick in the behind) that I was just not educated in this area anough to do it on my own (shame on me...BAD LEAH!!!). After spending the weekend reading all this stuff...I am just not sure what the heck I was thinking...Thank you both Bianca and Richard for letting me know I can be my own RA though...I haven`t found anywhere in this paperwork that says I can do that...so that is nice to know!

I meet with a gentleman from SCORE again on friday to go over the finer points fo non-profiting...so hopefully he can fill in the blanks regarding Oregon law specifically!

Thanks again!!!

-------------------------

Leah Tucker