In some states, articles of incorporation are called certificates of incorporation, charters, or articles of association. Whatever the name, this document creates your corporation and must meet your specific state law requirements. In most states, the secretary of state’s office has sample articles of incorporation that you can use with instructions on how to complete and file the document.
The words “corporate taxes” raise a lot of fear and loathing in the business world. Fortunately, the reality of corporate taxation is usually less depressing than its reputation. Here are the basics. If you decide to incorporate, you’ll likely want to consult an accountant or small business lawyer who can fill you in on the fine print.
It’s possible to form your own corporation without professional help. Every day, many entrepreneurs do exactly that using online resources or an incorporation kit. The obvious motivating factor for setting up a corporation on your own is to save on legal fees, which can range from $1,000 to $2,000 or more, depending on where you live.