What does it mean to incorporate?
When people say "I'd like to register my business," they usually mean incorporating their business as a C Corporation or an S Corporation or forming an LLC. By incorporating or forming an LLC, the company's owner or owners create a separate legal entity to transact business. The process involves properly completing and filing your documents and appointing a registered agent. If you incorporate, most states require that you hold an organizational meeting, issue shares and adopt bylaws. To be an S Corporation, you’ll also have to file an election statement with the IRS. LLCs have fewer state requirements, but it’s a best practice to adopt an operating agreement.