12 May IDENTIFY AND DESCRIBE THE DOCUMENTS REQUIRED TO FILE IN THE STATE.
Establish a Corporation
In this exercise: Complete the steps necessary to establish
a corporation. Remember, that a corporation does not exist until the corporation
documents are both filed and accepted by its home state.
You can complete the assignment by using the Secretary of
State’s web site in the State of Delaware or the Secretary of State’s web site
in the state where you live (or appropriate authority, depending on your
state).
Allen Smith and Bob Smith ask you to file the necessary
corporate documents to form a corporation for the purposes of buying and
selling vintage American racing cars within the United States and
internationally. This has always been a lifelong dream of theirs, ever since
they were children and built model cars as a hobby.
They both have $500,000 as initial investment capital and
each one has a son who will be a shareholder in the corporation. The Smith
brothers would like to make sure that the corporation can be passed on to their
sons in the future. They will operate the business out of their garage located
at 123 Memory Lane, Orange Beach, Alabama, 36561. They would like to name the
corporation Brother’s Automotive, Inc. Allen Smith, Bob Smith and their sons,
Chet Smith and Dean Smith, are all residents of Foley, Alabama. The Smiths also
request that you research an entity to serve as the Registered Agent for the
corporation.
PART 1: Describe the process you will need to complete in
order to file the documents and have them accepted by the State. Your answer
should include the following:
A. Research the name to see if it is available. If it is not
available, then offer the Smiths two alternative names that are available.
B. Identify and describe the documents required to file in
the State.
C. Identify the various methods that may be utilized to file
with the State.
D. Identify the fees accompanied with the filing.
PART 2: Once you identified the documents necessary to form
the corporation in your chosen state, prepare a draft of each document you will
file to create the company.
PART 3: Identify and describe the documents the corporation
will need to file on an annual basis in the future. You may upload the
completed documents combined in one single Word or PDF document. All sources
used, including the textbook, must be referenced; paraphrased and quoted
material must have accompanying citations.
Any references or citations must be in the APA style.
Cheeseman, H. R. (2013). The legal environment of business
and online commerce (7th ed.)Establish a CorporationIn this exercise: Complete the steps necessary to establish
a corporation. Remember, that a corporation does not exist until the corporation
documents are both filed and accepted by its home state.You can complete the assignment by using the Secretary of
State’s web site in the State of Delaware or the Secretary of State’s web site
in the state where you live (or appropriate authority, depending on your
state).Allen Smith and Bob Smith ask you to file the necessary
corporate documents to form a corporation for the purposes of buying and
selling vintage American racing cars within the United States and
internationally. This has always been a lifelong dream of theirs, ever since
they were children and built model cars as a hobby.They both have $500,000 as initial investment capital and
each one has a son who will be a shareholder in the corporation. The Smith
brothers would like to make sure that the corporation can be passed on to their
sons in the future. They will operate the business out of their garage located
at 123 Memory Lane, Orange Beach, Alabama, 36561. They would like to name the
corporation Brother’s Automotive, Inc. Allen Smith, Bob Smith and their sons,
Chet Smith and Dean Smith, are all residents of Foley, Alabama. The Smiths also
request that you research an entity to serve as the Registered Agent for the
corporation.PART 1: Describe the process you will need to complete in
order to file the documents and have them accepted by the State. Your answer
should include the following:A. Research the name to see if it is available. If it is not
available, then offer the Smiths two alternative names that are available.B. Identify and describe the documents required to file in
the State.C. Identify the various methods that may be utilized to file
with the State.D. Identify the fees accompanied with the filing.PART 2: Once you identified the documents necessary to form
the corporation in your chosen state, prepare a draft of each document you will
file to create the company.PART 3: Identify and describe the documents the corporation
will need to file on an annual basis in the future. You may upload the
completed documents combined in one single Word or PDF document. All sources
used, including the textbook, must be referenced; paraphrased and quoted
material must have accompanying citations.Any references or citations must be in the APA style.Cheeseman, H. R. (2013). The legal environment of business
and online commerce (7th ed.)
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