Planning your business structure is important and making uninformed decisions can lead to problems farther down the line.
Many business owners operate under the misconception that companies must have multiple partners, a board of directors or employees to incorporate. The truth is, single-shareholder corporations exist in many states. All you need to do is take care of corporate administrative requirements.
Such requirements include documenting board and shareholder meeting minutes during the required annual meeting. As the only board member and shareholder you should prepare an agenda in advance. Remember to sign these papers and keep them in a safe place.
If you are ready to incorporate your company as a sole-shareholder contact CorpCo today!