Chapter 6 of 7
Module 6.1: Do I Need a Lawyer to Incorporate?
While it's possible to incorporate your business without legal assistance, consulting with a lawyer can be beneficial, especially if your business has complex ownership structures or specific legal concerns.
Many artists successfully form LLCs on their own by following their state's procedures and using online resources. However, for C-Corporations or more complex situations, professional legal advice is often worth the investment.
Module 6.2: How Long Does Incorporation Take?
The time it takes to incorporate your business varies by state and the method of filing.
Electronic filings can be processed in as little as a few days, while paper filings may take several weeks. Additionally, some states offer expedited processing for an additional fee if you need your business formed quickly.
Module 6.3: What Happens if I Want to Switch from an LLC to a C-Corp?
It is possible to convert an LLC to a C-Corporation as your business grows and your needs change.
The conversion process varies by state but typically involves filing conversion documents and potentially reorganizing your business structure. This process may have tax implications, so it's advisable to consult with both a lawyer and an accountant before making this change.
You're on Chapter 6 of 7