How to Register a Close Corporation
To register a close corporation, the appropriate documents must be filed in the state of formation. A close corporation may be referred to as a statutory close corporation. As explained on the Citizen Media Law Project website, states such as California, Illinois and Texas have special provisions that allow business owners to start a close corporation. The process to register a close corporation is the same as registering any other type of corporation.
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Instructions
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Obtain articles of incorporation from the state. In most cases, a close corporation registers by filing articles of incorporation with the Secretary of State's office. In most cases, the Secretary of State's website will have fill-in-the-blank articles of incorporation for a close corporation that can be downloaded and printed out. In other cases, blank articles of incorporation for a close corporation may be received by mail, email or picked up in person, depending on the state.
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Complete articles of incorporation. As explained on the Citizens Media Law Project website, a close corporation's articles of incorporation must indicate that the company is a close corporation. Depending on the state, the names and addresses of the directors may be required in the articles of incorporation. Provide information such as the name and location of the company. According to the Startup Legal website, the name of a close corporation must include words such as "corporation," "limited," "incorporation" or the appropriate abbreviation. Indicate the close corporation's registered agent. The registered agent will receive legal process for the close corporation. The registered agent must be an adult or business with a physical address in the state of incorporation.
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Pay applicable state filing fees. The fees to register a close corporation vary from state to state. Depending on the state, a close corporation may register articles of incorporation by mail, online, by fax or in person.
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Register with the IRS. All close corporations may get a federal tax ID number from the IRS by fax, mail, online or by phone. Close corporations that register by phone or by using the IRS website will receive a federal tax ID number for immediate business use. A close corporation that faxes Form SS-4 to the IRS will receive a federal tax ID number within four business days. The IRS may take up to four weeks to process a close corporation's submission by mail.
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