Ask a CPA

The corporate name you select must include a suffix.
It must be either spelled out or abbreviated. When you fill out the incorporation request, include your choice of Incorporated (INC), Corporation (CORP), Professional Association (PA), Professional Corporation (PC) or Limited Liability Company (LLC) / (LLP).

Generally, only one officer or director has to be appointed with the Articles or Certificate of Incorporation. This requirement may vary from state to state. Generally no more than three are created. Requirements for LLC's also vary from state to state. Speak to your local CPA about your corporations requirement's in your state.

Authorized shares of stock are the amount of stock that a company is approved to issue. Issued shares of stock are stock that has been issued to an entity. An entity may be a person, another business or certain kinds of trusts. Generally, stock must be issued for capitalization in most states.

Generally not. One stock certificate can represent any number of shares of stock up to the amount authorized, as stated on or in the Articles or Certificate of Incorporation.

Generally yes. In most states a fee ranging from $20 to $75 will be charged for name reservations.

The Internet has revolutionized the way the world does business on both a local and global level. From recruiting employees to gathering data on the competition, the ways businesses utilize the Internet are numerous, as are the benefits of the Internet to the business community. . Perhaps the most obvious benefit of the Internet is cost savings. Information at faster speeds saves time, which either saves or makes money. Many functions in the business process, i.e. bookkeeper, have been automated, which has helped to streamline processes and reduce the cost of labor. The Internet has been credited with providing a window into the global world. It allows anyone with a computer to think globally and has allowed the business world to forge international relationships with new vendors (to lower costs) and new customers (to increase sales). Today, communication is as easy as a mouse click, and much cheaper too. Anyone in the world can communicate with another person through text messages, emails, and even live video. For business, this means higher efficiency and quicker processing of sales

Generally, if there are others that are financially dependent on you, then the answer is yes.
If you are married and/or have children, the insurance will help replace your lost income. It will also help prevent your family from selling assets to pay the bills. How much life insurance is dependent on many factors:
Your current income, your current mortgage and credit card bills, and your current and future educational needs.
Speak to your local CPA about your life insurance questions.

Most people believe that term life insurance is better than cash value life insurance. Insurance agents may make as much as 50% of the first year's commissions on a cash life insurance policy. Term life insurance can be about 10% of the cost of cash value life insurance. Term life insurance guarantees a lump sum payment specified within a specific period. Premiums usually increase with your age. Term policies usually are renewable at the end of the term. Cash value life insurance is insurance, plus an investment. Speak to your local CPA abount your insurance needs.

This type of insurance is relatively new, but becoming popular for people over 60 years old. Long term care provides home custodial care or nursing home care. Long term health care makes sense for those who want to protect their assets for their spouse or children.

Many policies offer "market value coverage" which may not be enough to rebuild your house after a major disaster. You should look for a policy that offers "100% replacement coverage" for both your home and possessions. Also verify that the policy includes an automatic inflation provision. Generally, home insurance policies also include liability coverage to protect you from injuries that occur on your property. The minimum standard of $100,000 may not be enough. Consider increasing it to $300,000, $500,000 or as high as $1,000,000. Get price quotes for the additional coverage amounts. Also consider getting additional riders for items such as jewelry. Generally there is a limited maximum payout on jewelry theft losses. Also consider the geographic location of where you live when considering additional coverage for floods, hurricanes, tornados or earthquakes.