Filing & Retrievals

Incorporations / Formations

The initial filing that creates a company is most commonly referred to as the Articles of Incorporation, sometimes known as the initial filing varies state by state and more so by company type (entity type). There are numerous entity types including C-Corporations, S-Corporations, Limited Liability Companies, Limited Partnerships and many more. Kentucky Lenders Assistance, Inc. strongly suggests you consult an attorney to determine which type of entity is most appropriate for your business activities (Kentucky Lenders Assistance, Inc. does not provide legal advice).

Regardless of the entity type, a company can only be formed in one state referred to as the “domestic state” also known as the “state of incorporation”. Upon the formation (or incorporation) of a company the domestic state will require statutory fees to be paid., possibly including entity taxes. The selection of your domestic state can be an important decision with various business registration and tax consequences.

corp 2
corp 1

What is Incorporation?

Incorporation is the forming of a new corporation (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, sports club, or a government of a new city or town.

What is Formations?

Some business owners start off using one type of business formation and then change to a different form as their businesses grow. Sole Proprietorship. A sole proprietorship is the simplest and least expensive type of business to form. Partnership. Limited Liability Company.