Company: A company is an entity which needs to be incorporated and it becomes a legal personality after being registered under the relevant Act of each country. Words like Pvt.Ltd and Ltd are usually found attached to a company name, describing its nature, formation, and establishment. It is different from a business firm and incorporating a company requires professional help like a lawyer or an accountant.
There are three main types of companies such as Private Limited Companies, Public companies, and foreign companies' branches.
Reduction in personal liability: A corporation is different from the person who owes it. Incorporating a company provides the owner, shareholders, and managers a protected legal shield when the company gets sued.
Credibility increment: In the view of many customers and lenders a corporation has more credibility than a sole proprietorship or partnership as the corporation has long-term plans for its business. Because of the higher trust level, the customers are interested in investing more in a corporation. This helps corporations in getting great source of capital from the market than other types of companies.
Separate legal entity status: Law considers an owner and his corporation as two separate legal entities. Owner doesn't have any personal liability attached with the corporation.
Perpetual Duration: Death of the owner doesn't make any effect on the life of a corporation.
Nevada and Delaware, located in USA, is the main hub of limited liability corporations (LLC).
Nevada provides privacy, liability protection status, and certain tax advantages to corporations. In addition to this, Nevada doesn't place any state tax or corporate profits, state annual franchise tax or state personal income tax.
Company incorporation in Nevada doesn't require any minimum capital investment, owner's US citizenship, and doesn't pose any personal liability to the officers and directors of the corporation irrespective of the corporation alone.
The state provides a good business friendly environment to the public companies and offers publicly traded stock. The place poses low incorporation fees to the companies, charges low annual franchise taxes and no state corporate income tax for corporations located outside Delaware.
Coddan CPM: It is a company formation agent working to form an online corporations and limited liability corporations in different states of USA including Delaware, Nevada, New York, Florida, and California.
The agent finishes with the company's registration in a time span of 4-6 hours. It provides expert advice for the companies trying to setup themselves in the places stated above.
The company prepares and fills the Certificate of Incorporation with state office, provides certified copy of the certificate of incorporation to the client, arranges for resident agent in Delaware for 12 months, and a registered address of the corporation in Delaware for at least 12 months.
A professionally prepared 20 page Delaware Corporation in accordance to laws and ready to be signed are posted through e-mail to the client. In addition to this, consent documentation and minutes of the meeting are posted through e-mail only.