The process of registering a company gives legal recognition to a business, thereby allowing it to possess assets, enter contracts and carry out commercial activities. Registration of a business also means that the business is legally distinct from its owners, and it can be transferred to a new owner without any hassle.
The best company registration services help you create a corporate structure, check availability of your business name and apply for any required permits and licenses. They can also assist you with opening a bank account for your company, even if you are an international founder. Moreover, some of these companies double as registered agents for a yearly fee, which saves you time and money in the long run.
Besides offering a comprehensive suite of business services, the best company registration service providers also provide customer support teams that are available beyond normal business hours. This allows them to diffuse issues that might otherwise require a lawyer, and help you avoid costly errors that may arise during the registration process.
Before registering your company, you should make sure that you decide in advance how to split the equity amongst the founders. This will not only reduce the amount of paperwork, but also prevent founders from getting into a deadlock that can result in a relationship crisis within the company.
Another important aspect to consider is the type of business entity you want to form. There are a number of options, including an LLC, which offers more tax advantages and can be easily transferred between owners. You should also check whether your state requires you to have an operating agreement, which is a document that sets out the rules of your company and how key decisions are made. company registration