Anarres 2 cooperative community

May 31, 2013

Second thoughts about incorporation

Filed under: Uncategorized — Ed @ 2:30 am

After doing further research into the incorporation process, and into the cost of transferring property, it looks like it is much cheaper and simpler to transfer cheap property than to set up a corporation. To incorporate in Nevada, there’s a $75 filing fee, a $125 fee to submit your list of officers, a $200 fee for a business license, a $100 or so annual fee for a local business agent to receive and forward legal documents, and an annual $125 fee to keep your corporate registration current. And a fee to the company that files the paperwork, since I really don’t know what I’m doing. They don’t help much though, they just make sure you fill out the right forms and submit them properly – I really should hire a lawyer to set it up right. The alternative would be for me to buy the land in my name and then, when there are a few other participants, to transfer ownership of the property to a corporation. This only requires drawing up a deed, the cost of which varies depending on how detailed/secure the deed is, from a quit claim deed to a warranty deed, but probably far less than the cost of setting up a corporation. Also, this would allow the other participants to have input into the incorporation process.

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