How Business Works Assignment Example | Topics and Well Written Essays - 250 words - 1

How Business Works - Assignment ExamplePreparation and weft of the Articles of Association with the secretary of soil is the other requirement of registering a company. On this note, a fee of $100 is paid for the filing of articles (Legislative psychoanalysts Office).Creation of the corporation bylaws is the fourth procedure required in the formation of a corporation though no specific criteria is outlined for the corporations to follow. According to culture from the Legislative Analysts Office, filling of an information statement with the state secretary is done where a fee of $25 is paid. The filing of this information should be done within ninety days. The next step encompass holding a impact with the companys incorporators. This is followed by issuing of stock certificates to the original owners of the corporation. Another important step is to set out necessary local license needed to run the business.The final step involves determining the tax obligations for the corporatio n, which mark the end of registration process. The rate of income tax that applies to corporations in calcium ranges between 8.84% and a flat rate. The incorporated fees and taxes in California state is different from those of neigbouring states like Oregon, Nevada, and even Arizona. Information from the Legislative Analysts Office indicates that the state of California tops in levying a broad based tax on the corporate profits.Legislative Analysts Office. Californias Tax System A Primer. Californias Nonpartisan Fiscal And Policy Advisor, April 2007. Web. February14, 2013