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Starting a corporation involves several steps. Here’s a general guide:

  1. Choose a Business Name: The name of your corporation must not match or be similar to that of an existing corporation12.
  2. Choose the Directors: The board’s role is to create a corporate vision and high-level oversight3.
  3. File Articles of Incorporation: This is usually a formal paperwork that you need to file4.
  4. Create Corporate Bylaws: These are the rules that govern your corporation12.
  5. Draft Shareholders’ Agreement: This is an agreement among the shareholders about the operations of the corporation2.
  6. Maintain Corporate Minutes: Document all your corporate meetings2.
  7. Issue Shares of Stock: Decide how the ownership of the corporation will be distributed2.
  8. Get an Employer Identification Number (EIN): This is required for tax purposes5.
  9. Obtain Required Licenses and Permits: Depending on your business type and location, you may need specific licenses and permits to operate2.

Remember, the exact process can vary depending on your location and the specific type of corporation you’re starting. It’s always a good idea to consult with a business advisor or attorney to make sure you’re following all the necessary legal and financial steps.

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