Also Known As. Using an assumed name seems to be the thing to do for movie stars and criminals on the run, but they are also an important part of incorporation. Why? Because the fictitious name is a feature of State Corporation laws that allow a corporation to operate under more than one name. Why would a corporation or a…
Maine continues to take steps to position itself as a more business-friendly State. It appears to be working. In the past five years, businesses have invested more than $4 billion in the state of Maine. Gov. John Baldacci has been successful in establishing several business tax incentive programs. Additionally, he spearheaded a $60 million economic development bond package which was…
According to The North American Business Cost Review, Kentucky continues to offer the lowest overall cost of doing business in the eastern United States. The survey, which measures the cost of doing business within a state in terms of state and local taxes, the energy index, unit labor cost, and overall costs, determined Kentucky to have the lowest overall cost…
Forming a cooperative can be done through a limited liability company (LLC). The LLC is a legal entity separate and distinct from the personal affairs and other business involvements of its owners (called “members”). A LLC has some characteristics similar to those of a limited partnership, some corporation-like characteristics, and still other characteristics unique to the LLC form of business…
For some entrepreneurs looking to incorporate their new business, choosing a name for their endeavor is easy. Yet, for many others, it can prove exasperating. Here are a few things to consider when naming your corporation. 1. Consider what type of image you want for your new corporation. The name should reflect this image. The right name can open your…
In Missouri, the laws regarding incorporation revised how small consumer goods based business could incorporate. What is a cooperative, but incorporation? Itâs a specific legal entity separate from the individual parts. Previously in the state of Missouri, incorporation for small consumer businesses was murky. The statutes were drafted specifically to support agricultural cooperatives rather than small consumer businesses. Specifically, Chapter…
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