Saturday, February 19, 2011

How Do I Form A Business Entity?

File formation document with your State.

Once the formation documents have been prepared, reviewed and signed, they need to be filed with the appropriate state office.  Most often if they are filed by mail, the original and one copy should be provided. On average, it takes 4-6 weeks to form a business entity. Expedited services are available in many states as is filing by fax or electronically in a few states.

Accompanying the completed formation document for filing must be the filing fee that state requires. Filing fees range from $40 to $500. There may be an additional fee to obtain certified copies of the formation documents. The time involved varies greatly from state to state - your local We The People store representative can give you more information on these time frames.

In most states, filing the formation document with the appropriate state office is the only filing requirement. However, a few states, such as New York, require publication of a notice of intention to form a business entity prior to filing the formation document with the state.

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