SINESS FINANC

BU E

HOW TO FORM
A
CORPORATION

Presented by: Rencel John I.

Zamora
 BEFORE YOU CREATE A
CORPORATION YOU MUST:

Choose a good Have enough money to Have a very good

business name set up your business business plan in order
and a budget plan to run a business while
being manageble
FORMING THE
CORPORATION
STEP NO. 1
FILE AN ARTICLE OF
INCORPORATION

An Article Incorporation consists of

documented files. These files allows to
share information of setting up a
business corporation and the files states
its purpose, name, location and capital
stock.
 STEP NO. 2
SETTING UP CORPORATE
BYLAWS
In a corporation, there should be bylaws.
This is where there are assigned officers
such as the president, vice-president,
secretary and other positions including
the board of directors and the
shareholders.
 STEP NO. 3
APPOINTING THE BOARD
OF DIRECTORS
The shareholders must elect who will be in the
duties of the board of directors and that they
believe that they can help the business to be
successful. The board of directors makes key
decisions in the business.
 STEP NO. 4
DRAFT A SHAREHOLDERS'
AGREEMENT
The main purpose of this is to distribute control
fairly between the company's owners. This
allows the shareholders to have a good
relationship with the management and the
owners of the corporation.
STEP NO. 5
PREPARATION FOR
TAXATION
Preparing for taxes is the important step
since you have form a corporation, you
must be ready for the taxes. You need to
be prepared to pay taxes of government
entities such as the SEC (Securities and
Exchange Commission) and the BIR
(Bureau of Internal Revenue).
STEP NO. 6
DO SOME BUSINESS
The corporation is now legally formed and you
can now do business. Conduct missions and
values of the company. Do daily operations in
running the corporation and find a way to earn
more profits while protecting your business.
THAT IS ALL !!!
by: rencel john i. zamora