How Do You Start A Family Corporation To Transfer A Parents Assets?
Establishing a corporation is a course to take to transfer a parent’s assets. Although there are some minor variations from one state to another, the corporate laws on the books across the United States are largely the same. You do need to ensure that you follow the procedures outlined in the corporate code to establish a corporation. The failure to properly follow the incorporation procedures results in the inability to transfer your parent’s assets as desired. Obtain an articles of incorporation form from the secretary of state’s office. You access this form either from the agency’s brick-and-mortar office or from its Internet website. You can also elect to have an attorney draft articles of incorporation for your use as well. However, for the purposes of establishing a family corporation, using the standard version from the secretary of state’s office likely will suffice. Complete the articles of incorporation. The form itself is not complex. You need only provide basic information
