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How do you form a corporation?
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Forming a corporation typically involves filling out and filing articles of incorporation with the Secretary of State in the state in which the business will be operating. After filing this document, the state will issue a corporate charter which provides official recognition of the corporation and outlines its rights and responsibilities. Additionally, the company will need to secure an employer ID number from the IRS in order to open a business bank account and pay taxes. Finally, the business should create corporate bylaws that will outline the roles and responsibilities of the company's shareholders, directors, and officers.