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Incorporation >> Incorporation in US States
Before investing in any state, it is important to know the type of mechanisms offered by the state to facilitate registration of companies. To facilitate smooth processing of applications for Articles of Incorporation, the state of Maryland has put in place three methods through which investors can do their filing. Applications can be completed by established state run offices, over the internet through independent contractors or by the use of an attorney.
The application process is a simple one, and can be expedited in very short time by:
Maryland Incorporation
Before investing in any state, it is important to know the type of mechanisms offered by the state to facilitate registration of companies. To facilitate smooth processing of applications for Articles of Incorporation, the state of Maryland has put in place three methods through which investors can do their filing. Applications can be completed by established state run offices, over the internet through independent contractors or by the use of an attorney.
The application process is a simple one, and can be expedited in very short time by:
- Choosing a name- The name is the identification card of any organization. As a result, any name chosen must be unique and not previously recorded in the state records. This name must have affixed to it either of the words 'Company,' 'corporation,' 'incorporated,' or 'limited' in order to declare their status. Once cleared, this name is stored to allow the applicant to conduct other businesses related to the completion of their application. If applicants delay processing the applications longer than the allowed storage time, the name is removed from the system.
- Filing application- this process takes you through the actual filing for the Articles of Incorporation. It involves completing the prescribed application form based on your company type. It requires information such as the name and address of the organization and its agent, the number of directors and in the case of LLCs, the proposed life span of the organization.
- Filing fees-, Filing fees vary with the amount of shares offered by the organization. Basic fees start at $120 for a normal processing time of 10 weeks; however, this may escalate with the use of their express service which takes around 7 to 10 working days.
- Employee Identification Number (EIN)- This is a tracking mechanism employed by the IRS to monitor the movement of money in and out of the organization.
